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.
April 24, 2014 Read time: 1 min

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.

Quarry Products

For more information on companies in this article

Related Content

April 15, 2015

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.

February 26, 2014

Holcim’s 2013 results show 59% increase in net income

Holcim’s annual results for 2013 show that net income increased sharply by 59% to CHF 1.6 billion (€1.3 billion); operating profit was up by a third to CHF 2.36 billion and while net sales were down 6.8% this represented a slight increase on like-for-like basis.

The net financial debt was down CHF 864 million to CHF 9.46 billion.

In the fourth quarter of 2013 net income amounted to CHF 319 million after a loss of CHF 91 million in the same quarter of the previous year, while operating profit climbed s

boombox1

Highlighted Content

boombox2