Southern Province Cement Co (SPCC) News - Mubasher Info
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02 April 04:48 AM

Southern Province Cement Co (3050)

Last update: 1 April 03:17 PM market time.
23.07
-0.63
-2.66%
Open 23.77
Previous Close 23.70
High 23.77
Low 23.02
Stock Statistics
Volume 111,511
Turnover 2,586,785.58
All data are 15 minutes late during market session

News

Saudi cement sales drop 26% in August
10 September 2018 06:24 PM Saudi cement sales drop 26% in August
Riyadh – Mubasher: Saudi-based cement companies’ sales retreated by around 26% in August to 2.76 million tonnes from 3.7 million tonnes in the same period of 2017, new data has showed. Cement firms’ total output also declined 27.65% year-on-year …
Sector Reports
The cement provider's net profit dropped 31% to SAR 138 million during H1-18
25 July 2018 05:12 PM Southern Province Cement profit drops in Q2, H1
Riyadh – Mubasher: Southern Province Cement Company (SPCC) on Wednesday reported a 62.11% year-on-year decrease in net profits for the second quarter of 2018, registering SAR 36 million, compared to SAR 95 million.  The cement provider's net …
Financial Results
Total production of Saudi cement companies fell 7.4% to 4.2 million tonnes last month
10 May 2018 00:48 PM Saudi cement sales fall 9.5% in April - Report
Riyadh – Mubasher: Sales of cement companies operating in Saudi Arabia registered a 9.52% year-on-year decrease in April 2018, compared to the same month a year earlier. Cement sales hit 4.2 million tonnes in April, versus 4.64 million tonnes in …
Companies Investments
Net profits amounted to SAR 102 million during Q1-18
7 May 2018 10:58 AM Southern Province Cement profit falls 3% in Q1-18
Riyadh – Mubasher: The financial statements of Southern Province Cements Company (SPCC) showed a 2.9% year-on-year drop in its net profit for the first quarter of 2018. Net profits amounted to SAR 102 million during the three-month period ended …
Financial Results
SPCC’s data for the third quarter of 2017 also showed a 67.24% decline in net profits
24 October 2017 06:22 PM Southern Province Cement profits fall in Q3 on lower sales
Riyadh – Mubasher: Southern Province Cement Company (SPCC) on Tuesday posted its results for the first nine months of 2017, which showed a 64.55% decline in net profits. SPCC achieved net profits fell nearly three-fold to SAR 257 million in the …
Financial Results
The sales of the Saudi cement companies retreated 15.54% to 3.72 million tonnes during August 2017, compared to 4.4 million tonnes in August 2016
16 September 2017 11:49 AM Sales of KSA cement firms drop 16% during August 2017
Riyadh – Mubasher: The sales of the Saudi cement companies retreated 15.54% to 3.72 million tonnes during August 2017, compared to 4.4 million tonnes in August 2016. Year-on-year, the total output of the country’s cement firms decreased to 3.79 …
Sector Reports
Profits stood at SAR 95 million in Q2-17, compared to SAR 268 million in Q2-16
31 July 2017 09:56 AM Southern Cement profits drop 65% in Q2 on lower sales
Riyadh – Mubasher: Southern Province Cement Company on Monday announced that its net profits slid 64.55% in the second quarter of 2017, compared to the year-ago period. Profits stood at SAR 95 million in Q2-17, compared to SAR 268 million in …
Financial Results
The company's board of directors (BOD) recommended SAR 140 million in dividends for H1
10 July 2017 10:05 PM Southern Cement BOD recommends SAR 1/shr
Riyadh - Mubasher: The board of Southern Province Cement Company has recommended the distribution of cash dividends to shareholders at SAR 1 per share, for the first half of 207. According to the company’s statement to the Saudi Stock Exchange …
Board of Directors
Sales volume recently decreased due to the continuous slowdown in construction activities and the stiff competition
4 July 2017 02:44 PM Saudi cement companies’ profits to drop in Q2
Riyadh - Mubasher: Six Saudi cement companies are expected to see a decline in their revenues and profits, by 37.1% to 62.8% in the second quarter of 2017, according to a recent report by Al Rajhi Capital. The companies are namely; Arabian …
Stock Evaluations
Total production also declined by 18.4% in May
12 June 2017 00:53 PM KSA cement sales falls 21% in May
Riyadh – Mubasher: Cement-producing companies operating in Saudi Arabia saw a decrease in sales by 21.4% in May. Cement sales totalled 4.51 million tonnes in May down from 5.74 million tonnes in May 2016, according to the monthly report issued by …
Sector Reports
(Photo Credit: Company website)
8 May 2017 05:38 PM Southern Cement profits slide 63% in Q1
Riyadh – Mubasher: Southern Province Cement Company on Monday reported a 62.9% drop in profits for the first quarter of 2017, compared to Q1-16, while quarter-on-quarter profits declined 30.9%. Profits stood at SAR 105 million in Q1-17, compared …
Financial Results
(Photo Credit: Company website)
23 April 2017 10:12 AM Southern Cement approves H2 dividends
Riyadh – Mubasher: Southern Province Cement said its shareholders gave the go-ahead on 20 April to 22.5% dividends for the second half of 2016, according to a bourse statement. The company will start distributing dividends on 4 May 2017. The …
Corporate Actions
March cement sales in KSA totalled 4.71 million tonnes - (Photo Credit: Arabianeye-Reuters)
9 April 2017 06:11 PM Saudi cement sales down 20% in March
Riyadh – Mubasher: Cement-producing companies operating in Saudi Arabia saw a decrease in sales by 19.5% in March, according to a recent report. Cement sales totalled 4.71 million tonnes last month down from 5.85 million tonnes in March 2016. …
Sector Reports
(Photo Credit: Arabianeye-Reuters)
4 April 2017 00:11 PM Five cement firms to see 47% lower profits in Q1-17 – Riyad Capital
Riyadh – Mubasher: Riyad Capital expected that five Saudi cement companies’ profits will retreat 47% year-on-year in the first quarter of 2017. The firms’ profits would fall 6% quarter-on-quarter to reach SAR 541 million, according to a research …
Stock Evaluations
(Photo credit: Arabianeye - Reuters)
17 March 2017 03:16 PM Southern Cement to discuss H2-16 dividends on 20 April
Riyadh – Mubasher: Southern Province Cement’s board invited shareholders to attend the extraordinary general meeting (EGM) on 20 April. The EGM will vote on the board’s resolution to distribute cash dividends at SAR 2.25 for second half of 2016, …
Cash Dividends
(Photo Credit: Arabianeye-Reuters)
14 March 2017 11:41 AM KSA cement sales down 25% in February
Riyadh – Mubasher: Cement-producing companies operating in Saudi Arabia witnessed a 24.89% decrease in sales in February 2017. The cement companies sold 4.09 million tonnes of cement in February down from 5.44 million tonnes for the year-ago …
Macroeconomics
Photo Credit: Arabianeye-Reuters
16 February 2017 04:23 PM Southern Province board proposes H2 dividends
Mubasher: The board of Southern Province Cement recommended a cash dividend of 22.5% or SAR 22.5 per share for the second half of the fiscal year 2016. The proposed dividends will have an overall value of SAR 315 million, according to a bourse …
Board of Directors
(Photo credit: Arabianeye - Reuters)
12 February 2017 00:14 PM KSA cement firms' sales down 16% in January
Riyadh – Mubasher: Saudi cement companies' sales fell 15.66% to 4.85 million tonnes in January from 5.75 million tonnes in the year-ago period, although Umm Al Qura Cement participated by 115,000 tonnes. Moreover, production retreated 16.87% to …
Companies Investments
(Photo credit: Arabianeye - Reuters)
27 January 2017 02:31 PM AlJazira Capital lowers Southern Cement TP to SAR 69/shr
Riyadh – Mubasher: AlJazira Capital said that Southern Province Cement's fourth quarter results came below expectations due to lower than expected volumetric sales and higher operating expenses by 31.3% year-on-year. The research firm updated its …
Ratings
(Photo credit: Arabianeye - Reuters)
27 January 2017 02:19 PM Southern Province profits retreat 48% in Q4
Riyadh – Mubasher: Southern Province Cement’s profits declined 48% year-on-year to SAR 156 million in the fourth quarter of 2016 from SAR 300 million. The company attributed the decline in its profits to the decrease in sales due to lower demand, …
Financial Results
Increased costs would raise prices to SAR280-340 per tonne - (Photo Credit: Arabianeye-Reuters)
19 December 2016 02:36 PM New tolls to lower Saudi cement producers profits
By: Mohamed Idris Riyadh - Mubasher: The recent decision that obliges Saudi Cement exporters to pay fees at SAR 85 to 133 per tonne will cut profits margins for cement companies, analysts told Mubasher. The decision comes in time when benefits …
Macroeconomics
(Photo Credit: Arabianeye-Reuters)
12 December 2016 05:02 PM KSA cement firms’ sales down 22% in November
Riyadh – Mubasher: Saudi cement companies’ sales retreated 21.92% year-on-year to 4.2 million tonnes sales in November 2016 from 5.4 million tonnes, according to Yamama Cement report. Total companies’ production declined 20.2% to 4.23 million …
Macroeconomics
(Photo credit: Arabianeye - Reuters)
13 November 2016 11:14 PM KSA cement firms to increase clinker production in few months – Report
Riyadh – Mubasher: Cost pressures and lower demand and inventory remain the main concerns for the Saudi cement sector, while Ministry of Housing initiatives and lifting exports ban are the key catalysts, Al Rajhi Capital reported. The research …
Sector Reports
Southern Cement’s net profit for Q3-16 was pressured by a 8.4% y-o-y fall in sales volume (Photo credit: Arabianeye - Reuters)
20 October 2016 00:36 PM Al-Rajhi Capital maintains ‘Overweight’ rate on Southern Cement
Riyadh – Mubasher: Al-Rajhi Capital Research kept its ‘Overweight’ recommendation on Southern Cement, with a target price (TP) of SAR 73 per share. Southern Cement’s net profit for the third quarter of 2016 fell14.4% year-on-year to 173.3 million, …
Stock Evaluations
(Photo Credit: Arabianeye-Reuters)
17 October 2016 06:28 PM Southern Province Cement profits retreat 14% in Q3
Riyadh – Mubasher: Southern Province Cement’s profits fell 14.36% year-on-year to SAR 173 million ($46 million) in the third quarter of 2016 from SAR 202 million ($53.87 million). The company attributed the decline in its profits to the decrease …
Financial Results