Eastern Province Cement Co (3080)

Riyadh – Mubasher: Eastern Province Cement Company obtained credit facilities at an amount of SAR 1 billion from Banque Saudi Fransi on 20 March 2024. The loan will be used for establishing a new production line in the company’s plant site with a …

Riyadh – Mubasher: The board of directors of Eastern Province Cement Company has approved the distribution of SAR 86 million, or SAR per share, in cash dividends for the second half (H2) of 2023. The eligibility date is 17 March 2024 and the …

Riyadh – Mubasher: Eastern Province Cement Company reported a 38.46% year-on-year (YoY) surge in net profit to SAR 198 million in 2023 from SAR 143 million. The company’s sales jumped 25.64% YoY to SAR 985 million last year from SAR 784 million, …

Riyadh – Mubasher: Eastern Province Cement Company signed the Fifth Line project contract with leading Chinese cement company Sinoma CDI, valued at $270.52 million. The project will have a production capacity of 10,000 tonnes of clinker per day, …

Riyadh – Mubasher: Eastern Province Cement Company has named Mohammed Saad Butti Al Farraj as the Chairman of the board for four years. Ibrahim Salem Mohammed Al Ruwais was announced as the Vice Chairman, according to a bourse filing. The two …

Riyadh – Mubasher: Eastern Province Cement Company obtained the board’s approval to build a new production line with a daily capacity of 10,000 tonnes at a value of $270.52 million. The company plans to replace some of the low-efficiency …

Riyadh – Mubasher: Eastern Province Cement Company achieved a net profit after Zakat and tax of SAR 148 million in the first nine months (9M) of 2023, up by 55.79% from SAR 95 million in the same period of 2022. The earnings per share (EPS) rose …

Riyadh – Mubasher: The net profits after Zakat and tax of Eastern Province Cement Company hiked by 115.38% to SAR 56 million in the first quarter (Q1) of 2023 from SAR 26 million in Q1-22. The Saudi firm registered SAR 237 million in revenue …

Riyadh – Mubasher: Eastern Province Cement Company logged net profits after Zakat and tax worth SAR 143 million in 2022, an annual decrease of 25.91% from SAR 193 million. Meanwhile, the revenues amounted to SAR 784 million during the …

Riyadh – Mubasher: Eastern Province Cement Company reported a 42.77% plunge in net profit after Zakat and tax to SAR 91 million during the first nine months (9M) of 2022, versus SAR 159 million in 9M-21. Revenues plummeted by 11.20% year-on-year …

Riyadh – Mubasher: The board of Eastern Province Cement Company announced a cash dividend distribution worth SAR 86 million for the first half (H1) of 2022. The Saudi firm will disburse SAR 1 per share, representing 10% of the share’s nominal …

Riyadh – Mubasher: The shareholders of  Eastern Province Cement Company have granted their green light for a cash dividends’ distribution of SAR 2.50 per share for both the first half (H1) of 2021 as well as H2-21. The Saudi firm will pay a total …

Riyadh – Mubasher: The net profits after Zakat and tax of Eastern Province Cement Company plunged by 51.66% to SAR 29 million in the first quarter (Q1) of 2022 from SAR 60 million in the year-ago period. The company generated revenues of SAR 161 …

Riyadh – Mubasher: Eastern Province Cement Company has registered net profits after Zakat and tax worth SAR 201 million in 2021, down 7.37% from SAR 217 million in 2020. The revenues soared by 2.15% year-on-year (YoY), reaching SAR 758 million in …

Riyadh – Mubasher: Eastern Province Cement Company registered net profits after Zakat and tax worth SAR 122 million in the first half (H1) of 2021, up 5% from SAR 116 million in H1-20. Earnings per share amounted to SAR 1.42 in H1-21, compared to …

Riyadh – Mubasher: Eastern Province Cement Company will pay a cash dividend of SAR 1.4 per share, representing 14% of the share’s par value, for the first half (H1) of 2021. The total value of the dividends stands at SAR 120.4 million for 86 …

Riyadh – Mubasher: Eastern Province Cement Company said its ordinary general meeting (OGM) approved the board’s recommendation to pay 25% of the capital as cash dividends for 2020. The company will distribute SAR 2.5 per share at a total amount of …

Riyadh – Mubasher: NCB Capital expected local cement sales in Saudi Arabia to increase by 3.5% annually in 2021 to 52.8 million tonnes.  “We believe the Saudi cement companies are well-positioned to further improve their payouts in 2021, (pay-out …

Riyadh – Mubasher: The net profits after Zakat and tax of Eastern Province Cement Company (EPCCO) reached SAR 217 million in 2020, an increase of 19.9% from SAR 181 million in 2019. The growth in annual profits was driven by a hike in other …

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 …

Riyadh – Mubasher: The net profits after Zakat and tax of Eastern Province Cement Company (EPCCO) grew by 19.4% to SAR 43 million during the third quarter (Q3) of 2020, compared to SAR 36 million in the corresponding period of 2019. Higher profits …

Riyadh – Mubasher: AlJazira Capital has revised the target price (TP) of Eastern Province Cement Company (EPCCO) to SAR 37.1 per share and maintained its “Neutral” recommendation on the stock, according to a recent report.   In the second quarter …

Riyadh – Mubasher: The extraordinary general assembly meeting of Eastern Province Cement Company (EPCCO) has approved SAR 129 million in cash dividends to shareholders for 2019. The dividends will be distributed at SAR 1.50 per share, representing …

Riyadh – Mubasher: Eastern Province Cement Company (EPCCO) reported a surge in annual profits for last year by 158.57% to SAR 181 million, up from SAR 70 million in 2018. Revenues grew by 28.8% last year to SAR 729 million, according to the …

Riyadh – Mubasher: Eastern Province Cement Company reported a net profit after zakat and tax worth SAR 36 million over the third quarter of 2019, 300% higher than SAR 9 million in the same quarter in 2018. Sales grew by 42.6% to SAR 174 million in …