Skip to main content

Hail Cement profits fall in 4Q16

Published by
World Cement,

Hail Cement Co. has announced a fall in quarterly profits on falling demand, the company said in an announcement to the Saudi Stock Exchange (Tadawul). Net profits fell 20.99% year on year in 4Q16 – but did show some improvement on the previous quarter.

Net profit in 4Q16 was SAR23.7 million, the company said, compared to SAR30.0 million in 4Q15. That was something of a recovery on 3Q16, however, when the company recorded net profits of SAR20.1 million.

The quarter-on-quarter increase came due to some “unrealised investment gains”, the company said, which blamed “less demand and strong competition” on its otherwise negative performance.

For the year, the company reported net profit of SAR104.5 million – a 7.95% loss on the previous year. Annual revenues were SAR272.1 million in 2016, compared to SAR256.4 million in 2015.

The Saudi Arabian cement sector suffered a string of poor results in 4Q16 on falling demand. Saudi Cement reported a 6.5% fall in net profits for the quarter, while Arabian Cement saw net profits plunge over 84% in the quarter.

Based in Hail, north of Saudi Arabia’s capital, Riyadh, Hail Cement was established in 2011. The Hail cement plant has a design capacity of 5000 tpd of clinker, according to the company website.

Read the article online at:

You might also like



WCT2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.

Find out more and register for the series »



World Cement Spotlight with Rockwell Automation

World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.

Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.

Watch the interview now »


Embed article link: (copy the HTML code below):