Saudi Arabia-based Yamama Cement Co has announced a 53 per cent YoY fall in profit to SAR23.8m (US$6.35m) in the 1Q18.
The producer attributed the decrease in profit to a drop in demand and a decline in other revenues, according to its statement to the Saudi Stock Exchange.
However, Yamama Cement’s profit was a 40.7 per cent increase upon the result of the previous quarter.
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