Kuwait Portland Cement (PCEM) News - Mubasher Info
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05 April 06:07 PM

Kuwait Portland Cement (PCEM`R)

Last update: 12:52 PM market time.
607.00
-182.00
-23.07%
Open 607.00
Previous Close 789.00
High 607.00
Low 605.00
Stock Statistics
Volume 11,303
Turnover 6,848.73
All data are 15 minutes late during market session

News

The announcement has no material impact on the company’s financial position.
7 May 2020 10:29 AM Kuwait Portland Cement cuts 2019 dividends
Mubasher: The board of Kuwait Portland Cement agreed to cut the proposed cash dividend distribution for fiscal year (FY) 2019 to KWD 4 million 40% of the company's capital from 75% or KWD 7.52 million. The decision was taken in light of the …
Board of Directors
The company’s operating revenues fell to KWD 85.23 million
20 February 2020 04:04 PM Kuwait Portland Cement’s profit dips 26% in 2019; dividends proposed
Mubasher: Kuwait Portland Cement reported a 26.4% profit decline to KWD 7.59 million ($24.88 million) in 2019 from KWD 10.32 million ($33.82 million) a year earlier. The company’s operating revenues amounted to KWD 85.23 million, falling by 19.5% …
Financial Results
Profits reached KWD 605,600 in the third quarter of 2019
11 November 2019 05:19 PM Kuwait Portland Cement profits down 75% in Q3
Mubasher: Kuwait Portland Cement reported a 75% decrease in net profits during the third quarter (Q3) of the year. Profits reached KWD 605,600 ($2 million) in Q3-19 compared with KWD 2.42 million ($7.98 million) for Q3-18, as shown by the …
Financial Results
Net profits registered KWD 1.52 million ($5 million) in Q2-19
4 August 2019 03:35 PM Portland Cement records near KWD 2m profits in Q2
Mubasher: Kuwait Portland Cement reported a 0.7% year-on-year profit decline during the second quarter of 2019. Net profits registered KWD 1.52 million ($5 million) in Q2-19, compared to KWD 1.53 million ($5.03 million) in Q2-18, according to the …
Financial Results
Kuwait Portland’s profits amounted to KWD 4.05 million in Q1-19
12 May 2019 11:39 AM Portland Cement’s profit grows 5% on lower expenses
Mubasher: Kuwait Portland Cement Company announced a 4.7% year-on-year rise in profits during the first quarter of 2019. Kuwait Portland’s profits amounted to KWD 4.05 million ($13.36 million) in Q1-19, up from KWD 3.87 million ($12.77 million) …
Financial Results
The dividends will be paid on 6 May
11 April 2019 04:25 PM Portland Cement OKs KWD 10m dividends for FY18
Mubasher: Kuwait Portland Cement Company’s ordinary general meeting (OGM) on Thursday approved distributing cash dividends worth KWD 10.02 million ($33 million) at 100 fils per share for the full fiscal year 2018. The eligibility of dividends, …
Management Decisions
The agreement’s term was not determined
3 April 2019 04:27 PM Kuwait Portland Cement inks $372m deal with Kuwait Supply
Mubasher: Kuwait Portland Cement has signed a KWD 113 million ($372 million) agreement with Kuwait Supply company for the supply of 500,000 tonnes of rebar. The agreement’s term was not determined and it will be effective until the delivery of the …
Companies Investments
Operating income grew by 4.3% in FY18
14 February 2019 05:24 PM Portland Cement FY18 profits up 12%; dividends proposed
Mubasher: Kuwait Portland Cement recorded a net profit of KWD 2.49 million ($8.2 million) during the fourth quarter of 2018 compared to KWD 997,000 ($3.2 million) in the same period in 2017, a year-on-year surge of 150%. In fiscal year 2018, …
Cash Dividends
Net profits amounted to KWD 2.4 million ($7.9 million) in Q3-18
12 November 2018 03:27 PM Kuwait Portland Cement logs KWD 7.8m profit in 9M
Mubasher: Kuwait Portland Cement on Monday posted a year-on-year profit decrease for the third quarter of 2018. Net profits amounted to KWD 2.4 million ($7.9 million) in Q3-18, compared to KWD 3.12 million ($10.3 million) in Q3-17, according to …
Financial Results
13 June 2018 00:12 PM Court issues ruling against Portland Cement
Mubasher: Kuwait Portland Cement said that the court has issued a primary ruling against the company in favour of Global Company. The primary ruling states that Portland Cement has to pay KWD 699,370 to Global, according to a bourse statement on …
Company News
Operating revenues stood at KWD 35.98 million in Q1-18
9 May 2018 04:07 PM Portland Cement posts higher profits in Q1
Mubasher: Kuwait Portland Cement achieved a rise of 7.1% in profits during the first quarter of 2018 compared to the same quarter in the previous year. Earnings inclined to KWD 3.87 million ($12.83 million) in Q1-18 from KWD 3.61 million ($11.97 …
Financial Results
The contract will have a positive impact on the income statements
6 March 2018 00:26 PM Kuwait Portland inks $56.5m deal with Kuwait Supply
Mubasher: Kuwait Portland Cement has signed a contract with Kuwait Supply Co on Tuesday for a total value of KWD 56.5 million ($188.7 million). The value of the contract can increase or decrease within a range of 10%, according to a bourse …
Companies Investments
Al Qabas said Kuwait Portland signed KWD 56.5m deal
4 March 2018 04:09 PM Kuwait Portland denies inking KWD 56.5m deal
Mubasher: Kuwait Portland Cement announced that it has not signed any contracts with Kuwait Supply Company until Sunday, 4 March, unlike what was published in Al Qabas Newspaper, according to a filing to Boursa Kuwait on Sunday. Earlier on Sunday, …
Companies Investments
Earnings soared to KWD 3.13 million ($10.37 million) in Q3-17
1 November 2017 04:05 PM Portland Cement profits surge 471.61% in Q3
Mubasher: Kuwait Portland Cement achieved a jump of 471.61% in profits during the third quarter of 2017 compared to the same period last year. The company’s earnings soared to KWD 3.13 million ($10.37 million) in Q3-17 compared to nearly KWD …
Financial Results
Portland Cement’s capital stands at KWD 10.02 million
11 September 2017 03:40 PM Portland Cement chairman buys 1.46m shares
Mubasher: The chairman of Kuwait Portland Cement, Khaled Al Sager, has purchased 1.46 million of the company’s shares on Wednesday, 6 September. The total value of the purchased stake stood at KWD 1.42 million or 970 fils per share. Portland …
Insider Trading & Treasury Stocks
A number of 1.46 million shares were traded
7 September 2017 00:30 PM Boursa Kuwait nods to Portland Cement KWD 1.4m private deal
Mubasher: Boursa Kuwait has approved executing a private transaction on the Kuwait Portland Cement’s shares for KWD 1.4 million. A number of 1.46 million shares were traded at a value of 970 fils per share, according to a bourse filing. It is …
Trading Activities
Photo Credit: Arabianeye-Reuters
4 May 2017 03:13 PM Portland Cement Q1 profits up 2%
Mubasher: Kuwait Portland Cement reported a growth of 2% in profits during the first quarter of 2017, compared to the same period of 2016. The company’s earnings increased to KWD 3.61 million ($11.85 million) in Q1-17 from KWD 3.54 million ($11.62 …
Financial Results
Photo Credit: Arabianeye-Reuters
28 March 2017 11:27 AM Portland Cement to pay 80 fils/shr dividends
Mubasher: The ordinary general meeting (OGM) of Kuwait Portland Cement approved a cash dividend of 80% for fiscal year 2016, according to a bourse statement issued on Tuesday. The company will pay 80 fils per share, with a total value of KWD 8.02 …
Cash Dividends
Profits increased by 68.9% in FY16 (Photo Credit: Arabianeye-Reuters)
25 January 2017 03:51 PM Kuwait Portland Cement Q4 financials turn profitable
 Kuwait – Mubasher: Kuwait Portland Cement achieved profits during the fourth quarter of 2016 versus losses in the same period a year ago. Earnings amounted to KWD 1.84 million ($6.02 million) in Q4-16 against losses of KWD 467,000 ($1.53 million) …
Board of Directors
Net profit for the first nine months of 2016 grew by 18.9% (Photo credit: Arabianeye - Reuters)
26 October 2016 02:26 PM Portland Cement Q3 profit soars 1,866%
Kuwait – Mubasher: Kuwait Portland Cement Company posted on Wednesday a net profit of KWD 545,880 ($1.8 million) for the third quarter of fiscal 2016, 1,866.4% up from KWD 27,760 ($91,400) for Q3-15. Net profit for the first nine months of 2016 …
Financial Results
Both the companies will overview their Q3 financial statements (Photo Credit: Arabianeye-Reuters)
20 October 2016 01:53 PM Future, Portland to discuss financials late October
Kuwait – Mubasher: Future Communications Global as well as Kuwait Portland Cement will hold their board meetings on 26 October. Both the companies will overview their financial statements for the third quarter ended 30 September, 2016, according …
Event
Portland Cement reported an increase of 9.3% in H1 profits (Photo Credit: Arabianeye-Reuters)
25 July 2016 03:16 PM Portland Cement’s Q2 profits down 15.7%
Kuwait – Cement: Kuwait Portland Cement registered a fall of 15.7% in profits of the second quarter this year as compared to the same period in 2015. The company’s earnings decreased to KWD 2.21 million ($7.29 million) in Q2-16 from KWD 2.62 …
Financial Results
Cement factory (Photo Credit: Arabianeye-Reuters)
19 May 2016 00:49 PM Portland Cement, Kuwait Supply ink KWD 57.5m deal
Kuwait-Mubasher: Kuwait Portland Cement has signed a supply contract worth KWD 57.5 million ($190.37 million) with Kuwait Supply Co., the company said in a bourse statement issued Thursday. The contract covers a supply of 250,000 tons of …
Companies Investments
Photo Credit: Arabianeye-Reuters
28 April 2016 04:09 PM Portland Cement’s Q1 profits rise on higher sales
Kuwait-Mubasher: Kuwait Portland Cement reported an increase of 34.1% in the first quarter of 2016 as compared to the same period in 2015, according to an issued statement. Portland’s earnings reached KWD 3.54 million ($11.7 million) in Q1-16, …
Financial Results
Kuwait Portland Cement achieved profits worth KWD 4.82 million (Photo Credit: Arabianeye-Reuters)
18 April 2016 01:46 PM Kuwait Portland Cement to pay FY15 dividends
Kuwait-Mubasher: Kuwait Portland Cement’s ordinary general meeting agreed on paying 50% or 50 fils per share as cash dividends for the fiscal year 2015, according to a recent statement. The shareholders also approved the distribution of 5% bonus …
Corporate Actions