Al Jouf Cement Company to Benefit from Favorable Market Environment According to BAC Company Report20 Mar 2012 • by Natalie Aster
LONDON - Al Jouf Cement Company has been showing incredible results from the very moment of its establishment. Current market conditions in Saudi Arabia promise even more favorable market for the company in the nearest future. In 2013 cement production is forecasted to nearly equal 70 million tons from current 60 millions.
Upon active construction of new residences the demand for cement may exceed the supply. By 2015 Saudi Arabia will need 1.65 million new residences, and that means construction of 275 thousand new units annually till then. Saudi Arabia is going to invest about USD 400 billion to the construction industry, so the companies engaged will be able to supply rapidly growing population and incoming foreign workforce with apartments. The demand for cement will rocket in the coming years.
Al Jouf financial performance reflects company’s business success, though 2011 is expected to be weaker than the previous year. December 2011 continues general declining trend of the FY, returning revenue of SAR 78.3 M, operating income of SAR 14.4 M, net income of SAR 9.9 M, and profit margin of 12.6%. The year itself, however, is very strong: revenues grew by 200% and reached SAR 315.9 M, gross profit increased by 149% and equaled SAR 118.9 M, operating income added 238% to equal SAR 95.9 M, and net income was SAR 82.6 M which is a 458% increase.
Founded in 2006 and headquartered in Riyadh (Saudi Arabia), Al Jouf Cement Company is a manufacturer of regular and sulfate resistant cement. The company is public and trades in Tadawul under the ticker 3091.
Find all the details on the company’s performance, SWOT and experts’ forecasts in the report “Al Jouf Cement Company Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis” recently published by Market Publishers Ltd.
Title: Al Jouf Cement Company Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: Mar, 2012
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