Saudi Cement’s sales fall by 5.8% to US$217m so far in 2018

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Saudi Arabia: Saudi Cement’s sales revenue fell by 5.8% to US$217m in the first nine months of 2018 from US$231m in the same period in 2017. Its net profit after tax decreased by 20% to US$73.5m from US$92.2m. The cement producer has blamed falling sales, rising costs and an increase in Islamic finance charges for its declining profits.

Last modified on 07 November 2018

URL: https://globalcement.com/news/item/8262-saudi-cement-s-sales-fall-by-5-8-to-us-217m-so-far-in-2018

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