Arabian Cement Company (ACC) News - Mubasher Info
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07 April 02:50 PM

Arabian Cement Company (ARCC)

Last update: 01:28 PM market time.
57.69
1.90
3.41%
Open 55.79
Previous Close 55.79
High 58.40
Low 55.90
Stock Statistics
Volume 1,367,600
Turnover 78,488,600.00
All data are 15 minutes late during market session

News

The cement producer is looking to generate EGP 2.5 billion in sales
22 September 2020 06:01 PM Arabian Cement Co expects EGP 50m losses by 2020-end
Cairo – Mubasher: Arabian Cement Co expects EGP 50 million in losses by the end of 2020 if the current challenges facing the sector are not addressed. In addition, the cement producer is looking to generate EGP 2.5 billion in sales by the end of …
Financial Results
The company’s sales retreated to EGP 3.1 billion in 2019
27 February 2020 03:55 PM Arabian Cement’s profit drops 87.5% in 2019
Cairo – Mubasher: Arabian Cement Co. reported an 87.5% year-on-year profit decline during 2019, the company’s consolidated financial statement showed. The cement producer’s net profits sank to EGP 28.93 million last year from EGP 231.64 million in …
Financial Results
The firm will distribute EGP 0.47 per share
2 December 2019 00:24 PM Arabian Cement's shareholders nod to EGP 178m dividend for 2018
Cairo – Mubasher: The ordinary general meeting (OGM) of Arabian Cement Co. approved the recommended total cash dividend distribution of EGP 178 million for the previous fiscal year 2018.  The distribution is equivalent to EGP 0.47 per share, …
General Assembly
The cement producer logged a net profit of EGP 231.6 million in 2018
19 November 2019 01:30 PM Arabian Cement Co’s board proposes EGP 0.47/shr dividend for 2018
Cairo – Mubasher: The board of directors of Arabian Cement Co. recommended a cash dividend distribution of EGP 0.47 per share for earnings of 2018. The board proposed to distribute a total cash dividend of EGP 178 million to shareholders for the …
Board of Directors
Net profits plummeted to EGP 32.9 million
17 November 2019 00:24 PM Arabian Cement’s profit sinks 85% in 9M
Cairo – Mubasher: Arabian Cement Co. reported an 85% year-on-year profit drop during the first nine months of 2019, according to the company's consolidated financial statement.  Net profits plummeted to EGP 32.9 million in the January-September …
Financial Results
The cement producer’s net profit plunged to EGP 25.3 million
20 August 2019 00:51 PM Arabian Cement’s profit drops 88% in H1-19
Cairo – Mubasher: Arabian Cement Co. recorded an 88% year-on-year profit decrease during the first half of 2019. The cement producer’s net profit plunged to EGP 25.3 million in the six-month period ended 30 June, compared to EGP 212.76 million in …
Financial Results
A total of 300,000 tonnes of petcoke will be supplied annually
31 July 2019 02:00 PM Arabian Cement, Egyptian Refining ink petcoke deal
Cairo – Mubasher: Arabian Cement Co. announced signing an agreement with the Egyptian Refining Company (ERC) concerning the supply of petroleum coke. Under the deal, 300,000 tonnes of petcoke will be supplied annually starting from July, according …
Companies Investments
Net profit totalled EGP 5.97 million in Q1
16 May 2019 08:18 AM Arabian Cement’s Q1 profit plunges 96%
Cairo – Mubasher: Arabian Cement has reported a 96.3% year-on-year decline in consolidated profits for the first quarter of 2019. Net profit totalled EGP 5.97 million in the three-month period ended 31 March, compared to EGP 162.01 million in the …
Financial Results
The firm’s profits amounted to EGP 231.6 million last year
27 February 2019 11:19 AM Arabian Cement’s profit grows 7% in 2018
Cairo – Mubasher: Arabian Cement on Wednesday reported a 7.4% year-on-year increase in consolidated profit during the full-year 2018. The firm’s profits amounted to EGP 231.6 million last year, compared to EGP 215.6 million in 2017, including …
Financial Results
The projected solar plant will be located on up to 96,000 square metres
16 January 2019 10:59 PM Arabian Cement Co to build EGP 100m solar plant
Cairo – Mubasher: Arabian Cement Co. has signed an agreement with Solaris Egypt to build a solar power plant in its plant in Suez, with EGP 100 million investments. Funded by Qatar National Bank Al Ahli, the solar plant will be the first in Egypt …
Companies Investments
4 December 2018 03:02 PM EBRD, CIB to grant Arabian Cement loan for debt reschedule
Arabian Cement Co on Tuesday announced the rescheduling of a $23 million and an EGP 499.3 in debts owed to an Egyptian bank
Global Economy
Net profit stood at EGP 212.76 million in the six-month period ended June
13 August 2018 01:26 PM Arabian Cement profits soar 196.6% in H1
Cairo – Mubasher: Arabian Cement on Monday posted a 196.6% year-on-year hike in consolidated profits for the first half of 2018. Net profit stood at EGP 212.76 million in the six-month period ended June, up from EGP 71.71 million in the year-ago …
Financial Results
The cement producer's revenues rose to EGP 913.9 million in January - March
14 May 2018 02:25 PM Arabian Cement profit surges 171% in Q1
Cairo – Mubasher: Arabian Cement’s consolidated financial results showed a 171% year-on-year jump in its profits during the first quarter of 2018. The firm’s profits amounted to EGP 162 million in the three-month period ended March 2018, compared …
Financial Results
The company will reimburse the entire loan by early July 2021
8 January 2018 11:23 AM Arabian Cement restructures $30.9m loan from NBE
Cairo – Mubasher: Arabian Cement will restructure its $30.9 million loan from National Bank of Egypt (NBE) and pay it off over 15 instalments. This loan will be settled through paying $2 million quarterly-instalments at a foreign-currency interest …
Corporate Actions
MubasherTrade evaluated the stock's price target at EGP11.13 per share
7 November 2017 00:50 AM MubasherTrade maintains Buy/Low Risk on Arabian Cement
Cairo - Mubasher: MubasherTrade Research maintained the Buy/Low Risk rating for Arabian Cement Company, with a price target (PT) of EGP 11.13 per share, implying an expected total return of 35%, according to a report issued Monday. Arabian Cement …
Stock Evaluations
Arabian Cement Q3 profits soar 561%
6 November 2017 11:35 AM Arabian Cement Q3 profits soar 561%
Cairo – Mubasher: Arabian Cement on Monday reported a 561% year-on-year hike in third-quarter profits due to higher sales. Net profits amounted to EGP 95.9 million in the three-month period ended September 2017, versus EGP 14.5 million in the …
Financial Results
Enterprise value of Al Safwa estimated to exceed SAR 1.9 billion
10 October 2017 04:53 PM Arabian - Al Safwa merger valued at SAR5-6bn - Report
Riyadh - Mubasher: Aljazira Capital said that the expected valuation after the potential merger between Arabian Cement and Al Safwa Cement can range between SAR 5.02 billion and 6.10 billion, according to a recent report. Arabian Cement recently …
Sector Reports
The company’s net profits reached EGP 59.74 million in the three months ended March 2017
11 July 2017 02:39 PM NBE loans ACC EGP 231m to set up coal mill
Cairo – Mubasher: Arabian Cement Company (ACC) on Tuesday received a seven-year loan of EGP 231 million from the National Bank of Egypt (NBE) to finance the establishment of a new coal mill, according to a bourse statement. The loan will also be …
Companies Investments
(Photo Credit: Arabianeye-Reuters)
8 May 2017 02:15 PM Arabian Cement profits grow 75% in Q1
Cairo – Mubasher: Arabian Cement on Monday reported its consolidated financial statements for the first quarter of 2017. The cement firm logged EGP 59.74 million in net profits in Q1-17, up 75% from EGP 34.14 million in the year-ago period, …
Financial Results
(Photo credit: Arabianeye - Reuters)
5 April 2017 11:03 AM Arabian Cement OGM approves EGP 0.53/shr cash dividends
Cairo – Mubasher: The ordinary general meeting (OGM) of Arabian Cement Company has approved a proposal to distribute cash dividends of 53 piasters per share for fiscal year 2016, totalling EGP 200.7 million. The OGM also adopted the financial …
Cash Dividends
Pharos also maintained ACC's fair value at EGP 11.50 - (Photo Credit: Arabianeye-Reuters)
20 March 2017 05:49 PM Pharos maintains Arabian Cement 'Overweight' recommendation
Cairo - Mubasher: Pharos Research has maintained its "Overweight" recommendation for Arabian Cement Company (ACC) with a fair value (FV) of EGP 11.50, according to a recent report. This comes after the company’s financial results came perfectly in …
Stock Evaluations
Standalone profits for FY16 shrank 15.06% (Photo credit: Arabianeye - Reuters)
20 March 2017 03:47 PM Arabian Cement Q4 profits soar 181%
Cairo – Mubasher: Arabian Cement posted on Monday a rise of 181.4% in consolidated profits for the fourth quarter of fiscal year 2016 to EGP 87.4 million, versus EGP 31.06 million for Q4-15. Consolidated profits for fiscal year 2016 reached EGP …
Financial Results
The Egyptian Exchange (Photo credit: Mubasher)
7 February 2017 01:03 PM Arabian Cement stock up to 13M high
Cairo – Mubasher: Arabian Cement’s stock, on Tuesday, reached its highest level in 13 months, or since 17 December 2015. By 11:58am Cairo time, the stock rose 7.94% to EGP 10.2, with a turnover of EGP 22.4 million.
Trading Activities
Photo Credit: Reuters
10 January 2017 02:02 PM Beltone ups Arabian Cement FV to EGP 12.6
Cairo – Mubasher: Beltone Research increased the fair value of Arabian Cement to EGP 12.6 per share from EGP 9.11, a research note revealed on Tuesday. The research agency further assigned a ‘Buy’ recommendation on the stock, assuring that the …
Stock Evaluations
(Photo Credit: Arabianeye-Reuters)
12 December 2016 05:09 PM Arabian Cement revert from establishing facility in Brasil
Cairo – Mubasher: Arabian Cement announced on Monday freezing the steps of establishing a cement grinding facility in Brasil. There is currently no investment efficiency for the project, in the light of the late negative circumstances of the …
Companies Investments