Saudi Cement reports 16% drop in net profit to SAR 286mn

In the first quarter of 2014, net profit of Saudi Cement Company fell 16% year on year to SAR 286 million (€55.19 million) against SAR 340 million in the previous corresponding period of 2013. The drop was attributed to an associated company's loss and sluggish local demand following slowdown in the construction sector.
Quarry Products / April 24, 2014

In the first quarter of 2014, net profit of 7664 Saudi Cement Company fell 16% year on year to SAR 286 million (€55.19 million) against SAR 340 million in the previous corresponding period of 2013. The drop was attributed to an associated company's loss and sluggish local demand following slowdown in the construction sector.

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Saudi Cement Company
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