Saudi Cement profit down

Saudi Cement reported a SAR 254 million (€61.51 million/US$67.71 million) net profit in the second quarter of 2015, an 11.8% year-on-year decrease which it attributed to lower local sales.
July 14, 2015 Read time: 1 min

Saudi Cement reported a SAR 254 million (€61.51 million/US$67.71 million) net profit in the second quarter of 2015, an 11.8% year-on-year decrease which it attributed to lower local sales.

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Saudi Cement’s January-March 2015 profit

Saudi Arabia's cement company, Saudi Cement has garnered SAR 303 million (€76.41 million US$80.79 million) in net profits in the January-March 2015 quarter, representing a year-on-year increase of 5.9% from SAR 286 million registered in the preceding year.

The increase in profitability is attributed to the higher earnings generated from export sales.

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