Southern Province Cement Co (3050)

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News

17 March 04:52 PM Southern Province Cement’s profits fall 35% in 2023

Riyadh – Mubasher: The net profits of Southern Province Cement Company plunged by 35.22% year-on-year (YoY) to SAR 195 million in 2023 from SAR 301 million. The revenues witnessed an annual drop of 12.44% to SAR 1.07 billion during the …

Financial Results

14 March 12:58 PM Southern Province Cement’s board proposes dividends for H2-2023

Riyadh – Mubasher: The board of Southern Province Cement Company has recommended the distribution of SAR 91 million in cash dividends for the second half (H2) of 2023. The proposed dividends amount to SAR 0.65 per share, representing 6.50% of the …

Cash Dividends

25 February 05:49 PM Southern Province Cement anticipates 12.5% higher costs amid increased fuel prices

Riyadh – Mubasher: Southern Province Cement Company announced that the increase in fuel prices used in production would raise production costs by 12.50%. The company stated that it is researching ways to mitigate this impact on its financial …

Financial Results

21 January 10:34 AM Southern Province Cement names Chairman, Vice Chairman

Riyadh – Mubasher: Southern Province Cement Company has appointed Saad bin Abdulaziz bin Abdulwahab Al Kroud as Chairman of the board. The firm also named Mansour Abdulaziz Mansour Al Saghayer as the Deputy Chairman, according to a bourse …

Corporate Actions

7 November 2023 02:14 PM Southern Province Cement posts lower profits at SAR 121m in 9M-23

Riyadh – Mubasher: Southern Province Cement Company recorded a 49.16% drop in net profit after Zakat and tax to SAR 121 million during the first nine months (9M) of 2023, versus SAR 238 million in 9M-22. The revenues declined by 8.46% year-on-year …

Financial Results

3 September 2023 11:19 AM Southern Province Cement to distribute SAR 49m dividends for H1-23

Riyadh – Mubasher: Southern Province Cement Company plans to disburse cash dividends amounting to SAR 49 million, representing 3.50% of the capital, for the first half (H1) of 2023. The firm will pay out a dividend of SAR 0.35 per share for 140 …

Board of Directors

26 June 2023 11:05 AM Southern Province Cement obtains SAR 1.4bn loan from SNB

Riyadh – Mubasher: Southern Province Cement Company inked a long-term loan compliant with Islamic rules with Saudi National Bank (SNB) at a value of SAR 1.40 billion. In a bourse discourse, the listed company highlighted that it will use the …

Banking and Finance

18 May 2023 00:21 PM Southern Province Cement’s profits shrink nearly 44% in Q1-23

Riyadh – Mubasher: Southern Province Cement Company witnessed 43.68% lower net profits after Zakat and tax at SAR 49 million during the first quarter (Q1) of 2023, versus SAR 87 million in Q1-22. The Saudi firm generated revenues amounting to SAR …

Financial Results

29 March 2023 10:39 AM Southern Province Cement unveils 30% lower profits in 2022, dividends proposal

Riyadh – Mubasher: Southern Province Cement Company recorded a 29.84% year-on-year (YoY) drop in net profit after Zakat and tax to SAR 301 million in 2022, compared to SAR 429 million. The company’s revenues declined by 8.74% to SAR 1.22 billion …

Board of Directors

1 November 2022 05:43 PM Southern Province Cement’s profits shrink to SAR 238m in 9M-22

Riyadh – Mubasher: Southern Province Cement Company generated SAR 238 million in net profit after Zakat and tax during the first nine months (9M) of 2022, lower by 28.10% than SAR 331 million in 9M-21. Revenues amounted to SAR 887 million in the …

Financial Results

11 September 2022 06:41 PM Southern Province Cement to pay 7.5% of capital as dividends for H1-22

Riyadh – Mubasher: The board of Southern Province Cement Company has announced a cash dividend distribution of SAR 0.75 per share for the first half (H1) of 2022, according to a bourse filing. The firm will disburse a total of SAR 105 million, …

Board of Directors

9 August 2022 06:56 PM Southern Province Cement posts lower profits in H1-22 interim financials

Riyadh – Mubasher: Southern Province Cement Company’s net profits after Zakat and tax plunged by 41.63% to SAR 150 million in the first half (H1) of 2022, compared to SAR 257 million in H1-21. The revenues amounted to SAR 564 million in H1-22, an …

Financial Results

16 May 2022 04:29 PM Southern Province Cement's profits fall 48.5% in Q1-22 initial results

Riyadh – Mubasher: Southern Province Cement Company has achieved net profits after Zakat and tax worth SAR 87 million in the first quarter (Q1) of 2022, down 48.52% from SAR 169 million in Q1-21. Revenues plunged by 24.82% to SAR 330 million in …

Financial Results

13 April 2022 06:18 PM Southern Province Cement to pay SAR 1.25/shr dividend for H2-21

Riyadh – Mubasher: The shareholders of Southern Province Cement Company have agreed to distribute cash dividends of SAR 175 million, representing 12.50% of the capital, for the second half (H2) of 2021 The Saudi listed company will pay a dividend …

Cash Dividends

9 March 2022 06:16 PM Southern Province Cement’s profits fall 26% in 2021

Riyadh – Mubasher: Southern Province Cement Company has achieved net profits after Zakat and tax worth SAR 450 million in 2021, down 26.10% from SAR 609 million in 2020. The company’s revenues declined by 18.99% year-on-year (YoY), reaching SAR …

Financial Results

3 March 2022 04:16 PM Southern Province Cement’s board proposes SAR 1.25/shr dividend for H2-21

Riyadh – Mubasher: The board of Southern Province Cement Company has recommended a cash dividend of SAR 1.25 per share for the second half (H2) of 2021. The company would pay SAR 175 million, representing 12.5% of the capital, for a total of 140 …

Cash Dividends

3 November 2021 11:17 AM Southern Province Cement logs SAR 83m net profits in Q3

Riyadh- Mubasher: Southern Province Cement Company has posted a net profit after Zakat and tax worth SAR 83 million in the third quarter (Q3) of 2021, an annual decrease of 44.6% from SAR 150 million in Q3-20. Revenues shrank by 33% to SAR 284 …

Financial Results

11 August 2021 05:07 PM Southern Province Cement’s H1-21 profits decrease 15%

Riyadh – Mubasher: Southern Province Cement Company registered an annual decline of 15% in net profits after Zakat and tax to SAR 270 million during the first half (H1) of 2021 from SAR 318 million in H1-20. Earnings per share decreased to SAR …

Financial Results

29 July 2021 10:08 AM Southern Province Cement to pay SAR 175m dividends for H1-21

Riyadh – Mubasher: Southern Province Cement Company will distribute a cash dividend of SAR 1.25 per share, representing 12.5% of par value, for the first half (H1) of 2021. The total number of shares eligible for distribution stands at 140 …

Cash Dividends

3 June 2021 00:33 PM Southern Province Cement sets up new production line

Riyadh – Mubasher: Southern Province Cement Company will establish a production line at Jizan cement factory with an output capacity reaching 10,000 tonnes per day, according to a bourse filing on Thursday. The company is expected to start the …

Companies Investments

12 April 2021 04:49 PM Southern Province Cement to pay SAR 350m dividends for H2-20

Riyadh – Mubasher: Southern Province Cement Company’s shareholders nodded to the recommendation of distributing 25% of the capital as cash dividends for the second half (H2) of 2020. The company will pay SAR 2.5 per share to the eligible …

Cash Dividends

4 March 2021 01:57 PM Southern Province Cement posts 31.5% growth in annual profit

Riyadh – Mubasher: Southern Province Cement Company reported a 31.53% increase in net profit after zakat and tax last year, as shown by the company’s annual financial results on Wednesday. Net profit reached SAR 609 million in 2020, compared with …

Financial Results

3 March 2021 04:30 PM Southern Province Cement proposes SAR 2.5/shr dividend for H2-20

Riyadh – Mubasher: Southern Province Cement Company is considering a cash dividend distribution of SAR 350 million to shareholders for the second half (H2) of 2020. The company’s board has proposed SAR 2.5 per share or 25% of the share’s nominal …

Cash Dividends

3 December 2020 11:14 AM Aljazira Capital remains positive on Saudi cement sector

Riyadh – Mubasher: Aljazira Capital remained positive on the Saudi cement sector, given the expected housing demand due to an increase in mortgage loans and the government’s mega projects. The cement sectors’ fundamentals recovered on the back of …

Macroeconomics

9 November 2020 02:56 PM Combined profits of Saudi cement firms climb 39% in Q3

Riyadh – Mubasher: Combined profits of 14 Tadawul-listed Saudi cement companies grew by 39.32% year-on-year (YoY) during the third quarter (Q3) of 2020, driven by upswings in sales. The companies’ profits netted SAR 840.87 million in the quarter …

Sector Reports