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News Poor results on the Arabian Peninsula

Poor results on the Arabian Peninsula

Written by Global Cement staff 19 February 2013
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Saudi Arabia: Hail Cement has announced a net loss of US$7.1m, the third consecutive year with a net loss, although it reduced its loss from US$10.9m in 2011. Hail reported a 29.5% drop in revenue to US$391,635 and negative operating cash-flow.

UAE: Ras Al Khaimah Cement made a net loss of US$2.0m during the whole of 2012 despite a 15.1% increase in its revenue to US$60.5m. 2012 was the third year in five that the company made a loss. In 2011 the company made a net loss of US$5.4m.

Last modified on 20 February 2013
Published in Global Cement News
Tagged under
  • Results
  • Saudi Arabia
  • UAE
  • Hail
  • Ras Al Khaimah Cement
  • GCW88

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