Saudi Vitrified Clay Pipes Co (2360)

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News

30 October 2023 04:31 PM Saudi Vitrified Clay’s net losses shrink to SAR 7m in 9M-23

Riyadh – Mubasher: Saudi Vitrified Clay Pipe Company (SVCP) reported SAR 6.99 million in net loss after Zakat and tax during the first nine months (9M) of 2023, signalling a 31.47% annual plunge from SAR 10.20 million, according to the interim …

Financial Results

19 October 2023 01:49 PM Saudi Vitrified Clay announces Chairman, Vice Chairman

Riyadh – Mubasher: Saudi Vitrified Clay Pipe Company (SVCP) has appointed Prince Faisal bin Abdulaziz bin Faisal Al Saud as the Chairman of the board for the next three years. The firm also named Saad Saud Al Sayari as the Vice Chairman and …

Management Decisions

7 March 2022 02:13 PM Saudi Vitrified Clay turns to losses in 2021

Riyadh - Mubasher: Saudi Vitrified Clay Pipe Company (SVCP) incurred net losses after Zakat and tax worth SAR 2.10 million in 2021, against profits amounting to SAR 10.70 million in 2020. The company’s revenues decreased by 28.11% to SAR 88.70 …

Financial Results

25 July 2021 11:34 AM Saudi Vitrified Clay incurs losses in H1-21

Riyadh – Mubasher: Saudi Vitrified Clay Pipes Company suffered a net loss after Zakat and tax worth SAR 1.21 million during the first half (H1) of 2021, against profits of SAR 8.27 million in H1-20. Losses per share stood at SAR 0.08 in H1-21, …

Financial Results

6 April 2021 00:03 PM Saudi Vitrified Clay’s shareholders approve 10% dividends for 2020

Riyadh – Mubasher: The ordinary general meeting of Saudi Vitrified Clay Pipe Co. gave the green light for paying the equivalent of 10% of capital as cash dividends for 2020. The shareholders approved the board’s decision to distribute SAR 1 per …

General Assembly

1 March 2021 10:17 AM Saudi Vitrified Clay profits grow 21.6% in 2020

Riyadh - Mubasher: Saudi Vitrified Clay Pipes Company (SVCP) reported SAR 10.7 million in net profits for 2020, an increase of 21.6% when compared to SAR 8.8 million in 2019. The profit hike was driven by higher revenues and lower cost of goods …

Financial Results

18 October 2020 09:05 AM Saudi Vitrified Clay Q3 profit down 38%

Riyadh - Mubasher: Saudi Vitrified Clay Pipes Company (SVCP) reported a 38.1% year-on-year (YoY) decline in profits during the third quarter (Q3) of 2020 at SAR 910,000 due to higher operating expenses. Revenues inched down by 0.95% YoY in the …

Financial Results

18 October 2020 08:54 AM Saudi Vitrified Clay cancels deal to buy 75% of Advanced Piping

Riyadh - Mubasher: Saudi Vitrified Clay Pipes Company (SVCP) said the renewed memorandum of understanding (MoU) signed to acquire 75% of Advanced Piping Solutions has expired on 15 October 2020 without reaching an agreement to further extend the …

Mergers and Acquisitions

19 August 2020 08:36 AM Saudi Vitrified Clay’s quarterly profit skyrockets by 368%

Riyadh - Mubasher: Saudi Vitrified Clay Pipes Company (SVCP) achieved SAR 2.86 million in net profits over the second quarter (Q2) of 2020, 368.9% more than SAR 610,000 in the same quarter a year ago. The Tadawul-listed firm ascribed the growth in …

Financial Results

16 August 2020 08:36 AM Saudi Vitrified Clay renews MoU to buy 75% of Advanced Piping

Riyadh - Mubasher: Saudi Vitrified Clay Pipes Company (SVCP) has extended a Memorandum of Understanding (MoU) to acquire 75% of Advanced Piping Solutions. The two companies agreed to extend the MoU for an additional 60 days through a written …

Companies Investments

11 June 2020 11:53 AM Saudi Vitrified Clay’s profits up 238% in Q1-20

Riyadh - Mubasher: Saudi Vitrified Clay Pipes Company (SVCP) on Thursday reported 238.1% higher net profits after Zakat and tax over the first quarter (Q1) of 2020, as shown by the company's interim financial results. Year-on-year (YoY), the …

Financial Results

19 April 2020 03:19 PM Saudi Vitrified Clay takes over 75% of Advanced Piping

Riyadh - Mubasher: Saudi Vitrified Clay Pipes Company (SVCP) has signed a purchase agreement on Sunday, 19 April, to acquire 75% of Advanced Piping Solutions for SAR 56.25 million. The acquisition deal will increase Saudi Vitrified Clay’s revenues …

Companies Investments

8 April 2020 09:44 AM Saudi Clay Pipes extends MoU to acquire 75% of Advanced Piping

Riyadh - Mubasher: Saudi Vitrified Clay Pipes Company (SVCP) has extended a memorandum of understanding (MoU) to acquire 75% of Advanced Piping Solutions. Both companies have decided to extend the MoU for additional 15 days, according to a press …

Mergers and Acquisitions

8 March 2020 09:49 AM Saudi Vitrified Clay sees 100% higher net profits in 2019

Riyadh – Mubasher: The net profits after Zakat and tax of Saudi Vitrified Clay Pipes Company reached SAR 8.8 million in 2019, up 100% from SAR 4.4 million in the previous year. The increase in net profits is driven by a rise in the number of sales …

Financial Results

9 January 2020 09:46 AM Clay Pipes plans to acquire 75% of Advanced Piping

Riyadh – Mubasher: Saudi Vitrified Clay Pipes Company (SVCP) announced that it has signed a non-binding memorandum of understanding (MoU) with the owners of Advanced Piping Solutions to acquire a 75% stake in the company. The agreement, which is …

Companies Investments

22 December 2019 10:08 AM Clay Pipes to distribute SAR 1/shr

Riyadh – Mubasher: The Saudi Vitrified Clay Pipes Company announced that it will distribute SAR 15 million in cash dividends to its shareholders for the second half (H2) of the year. Dividends will be distributed over 15 million shares, at SAR 1 …

Company News

25 February 2019 09:50 AM Vitrified Clay Pipes FY18 profits shrink 85%

Mubasher: Saudi Vitrified Clay Pipes Co registered a decline of 84.78% in profits during fiscal year 2018 compared to the prior year, according to a bourse disclosure on Monday. Net earnings shrank to SAR 4.4 million in FY18 from SAR 28.9 million …

Financial Results

23 September 2017 03:06 PM Tadawul awaits important events this week

Riyadh – Mubasher: Investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of important events during this week in the period from 24 until 28 September. Saudi Arabian Fertilizer Co (SAFCO) on Tuesday, 26 September will start …

Trading Activities

10 April 2017 09:28 AM Vitrified Clay Pipes resumes operation of furnaces

Riyadh - Mubasher: Suspended furnaces of Saudi Vitrified Clay Pipes will be reoperated on 10 April. The company attributed the reoperation to the low inventories and high demand on the company’s production, according to a bourse filing on Monday. …

Corporate Actions

11 February 2017 01:19 PM Tadawul awaits important events this week

Riyadh - Mubasher: The investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of important events this week, as five companies are set to hold their ordinary general meetings; while two other will distribute cash dividends. …

Event

7 November 2016 04:26 PM Vitrified Clay Pipe, Acwa Pipe end stake deal

Riyadh – Mubasher: Saudi Vitrified Clay Pipe announced on Monday that the period of the ongoing stake agreement signed with Arabian Company for Water Pipe Industry (Acwa Pipe) has ended. The two parties agreed to not renew the deal, according to a …

Companies Investments

6 October 2016 08:18 AM Vitrified Clay Pipe, Acwa Pipe extend stake deal

Riyadh – Mubasher: Saudi Vitrified Clay Pipe has agreed with the shareholders of Arabian Company for Water Pipe Industry (Acwa Pipe) to extend the ongoing stake agreement for 32 more days ending on 7 November. This steps will give the company …

Companies Investments

7 August 2016 07:53 AM SVCP, Acwa Pipe extend acquisition contract for 60 days

Riyadh – Mubasher: Saudi Vitrified Clay Pipes Company (SVCP) signed an agreement with the Arabian Company for Water Pipe Industry Ltd. (Acwa Pipe) to extend the period of the on-going acquisition contract for 60 more days ending on 6 October. In …

Mergers and Acquisitions

31 July 2016 09:20 AM Vitrified Clay Pipes to suspend some furnaces on low demand

Riyadh- Mubasher: Saudi Vitrified Clay Pipes’ board decided to partially stop a number of furnaces in its Riyadh facility due to lower demand on the company’s products at present as a result of work stoppage in sanitary projects since the …

Companies Investments

28 July 2016 10:28 AM Vitrified Clay Pipe Q2 profit down 27%

Riyadh- Mubasher: Saudi Vitrified Clay Pipe on Thursday reported a 27% decrease in net profit to SAR 23.9 million ($6.37 million) in the second quarter of 2016 from SAR 32.8 million ($8.82 million) in Q2-15. The decline in net profit was …

Financial Results