{"id":30377,"date":"2020-11-08T14:02:27","date_gmt":"2020-11-08T11:02:27","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=30377"},"modified":"2020-11-08T14:02:27","modified_gmt":"2020-11-08T11:02:27","slug":"%d9%85%d8%a8%d9%8a%d8%b9%d8%a7%d8%aa-%d8%a7%d9%84%d8%a3%d8%b3%d9%85%d9%86%d8%aa-%d8%aa%d9%86%d8%b9%d8%b4-%d8%b3%d9%88%d9%82-%d8%a7%d9%84%d8%a8%d9%86%d8%a7%d8%a1","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/30377\/","title":{"rendered":"Cement companies' profits jump to 741 million riyals during the third quarter"},"content":{"rendered":"

27% Increase in production<\/strong>.Major projects are revitalizing the construction market<\/h2>\n\n\n\n

Construction <\/strong>- I made a profit Saudi Cement Companies<\/a> More positive results during the third quarter, achieving exceptional growth, with profits exceeding SAR 741 million compared to SAR 601 million year-on-year and a growth rate of 401%, the best performance since 2016, which necessarily indicates that there is a real movement in the construction industry.<\/p>\n\n\n\n

Cement sales continue to rebound<\/strong><\/h4>\n\n\n\n

This positive growth reflects the recovery of all construction-related activities during the coming period, such as Building Materials, Contracting<\/a>Experts and specialists believe that the growth in the profits of cement companies will continue during the coming period, as the housing projects and housing solutions offered by the Ministry of Housing in cooperation with real estate development companies and banks will reinforce this trend, in addition to the recovery in the state budget and the encouraging figures that appeared in the third quarter results.<\/p>\n\n\n\n

Projects are revitalizing the construction sector<\/strong><\/p>\n\n\n\n

 The government gives the government a good space to expand spending on new projects, in addition to the start of implementation in giant projects such as Neom, Red Sea, and Qiddiya, which are being developed by companies owned by the Public Investment Fund, Al-Jouf Cement Company achieved the highest growth in sales of cement material 425 thousand tons compared to 217 thousand tons in the previous year, and this growth contributed to achieving a growth in net profit of more than 1,600 TP3T, and the only company whose sales declined was Northern Cement Company, which sold only 303 thousand tons compared to 483 tons in the previous year, and this caused its net profit to decline by about 18 TP3T year-on-year.<\/p>\n\n\n\n

27% Increase in cement production<\/strong><\/p>\n\n\n\n

Cement production during the third quarter increased by about 27 %, while clinker production decreased by 1 %, which means that some cement companies reduced clinker production and used their stocks, and this does not happen unless some firing kilns are stopped, and this measure will contribute to reducing the cost, and also reduce clinker stocks, which have swelled over the past two years Although the storage of clinker is done in open spaces, but the increase in stocks requires additional spaces far from the final production lines, and this raises the cost of production slightly because the transportation of clinker to the production lines increases its costs with the increase in the distance of transportation, cement sales increased during the third quarter by about 29%.<\/p>","protected":false},"excerpt":{"rendered":"

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