Saudi Arabia’s Hail Cement reported a 84.4 per cent YoY fall in its net profit to SAR15.5m from SAR99.7m.
Total sales decreased 39.5 per cent from SAR272.1m in 2016 to SAR164.5m in 2017.
The company attributed its decrease in net profit to reduced demand, tough competition and falling prices.

Holcim reports stable sales of CHF5544m in 1Q25
Holcim reported stable net sales of CHF5544m (US$6674m) in the 1Q25, compared to US$5586m in t...