Saudi Cement Company’s sales down in 2018

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Saudi Arabia: Saudi Cement Company’s revenue fell by 5.5% year-on-year to US$299m in 2018 from US$316m in 2017. Its net profit decreased by 11.7% to US$107m from US$121m. It blamed the loss of profit on poor domestic sales, rising selling and marketing costs and an increase in Islamic finance costs.

URL: https://globalcement.com/news/item/8860-saudi-cement-company-s-sales-down-in-2018

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