Arabian Cement reported a 276YoY surge in net profits of SAR97m (US$25.9m) in 4Q17, compared to SAR25.8m in 4Q16, according to a statement to the Saudi Stock Exchange. However, QoQ profits fell 46.3 per cent.
For the full-year 2017, the cement producer’s profits decreased to SAR262.7m from SAR489.6m in 2016. The company attributed to decline in profits to a drop in sales volumes and prices as well as a fall of other revenues.

Power Cement reports positive 3Q and 9MFY24-25 results
Pakistan-based Power Cement Ltd posted PKR7.182bn (US$52.5m) in revenue for the quarter ended ...