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News Yamama Cement blames drop in sales in 2023 on poor demand

Yamama Cement blames drop in sales in 2023 on poor demand

Written by Global Cement staff 13 February 2024
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Saudi Arabia: Yamama Cement Company has blamed a drop in sales in 2023 on a decrease in local demand. Its sales revenue declined by 7.2% year-on-year to US$250m in 2023 from US$268m in 2022. Meanwhile, the company’s net profit dropped by 14% to US$81.1m from US$94.9m.

Last modified on 14 February 2024
Published in Global Cement News
Tagged under
  • Saudi Arabia
  • Yamama
  • Results
  • market
  • GCW646
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