Fall in 4Q13 net profit for Saudi Cement
Published by Rosalie Starling,
Editor - Hydrocarbon Engineering
World Cement,
Saudi Cement saw an 8% fall in profit y/y in 4Q13 compared to 4Q12. Net profit for the cement manufacturer stood at SR256 million (US$68.3 million) during the quarter ending 31 December 2013, a fall from SR278 million (US$74.1 million) in the same period in 2012.
The decline in profit was accredited to a lower sales volume during 4Q13 and rising costs of raw materials such as clinker.
Despite this, net profit for FY13 increased to SR1.13 billion (US$301.3 million) from SR1.1 billion (US$293.3 million) in FY12 due to better operational efficiency.
Edited from various sources by Rosalie Starling
Read the article online at: https://www.worldcement.com/africa-middle-east/15012014/saudi_cement_sees_a_fall_in_net_profit_for_4q13_595/
You might also like
World Cement Podcast
In the latest episode of the World Cement Podcast, we are joined by Eoin Condren, Corporate Development Executive Director for Ecocem. Topics covered include: the importance of investing in innovation, the role of policy and legislation in supporting next generation cement products, and a look at some exciting new technologies.
World’s largest calcined clay plant in Ghana starts production
Heidelberg Materials and CBI Ghana Ltd have completed the construction of the largest industrial-scale flash calciner for clay worldwide.
