Saudi Arabia’s Qassim Cement Co has announced a 28.7 per cent YoY fall in net profit for the 1Q18, decreasing to SAR57.2m (US$15.25m) from SAR80.2m. Total sales of the company dropped 22.6 per cent to SAR147.9m, compared with SAR191.1m of the year-ago period.
Elsewhere, EFG Hermes has forecast that Arabian Cement Co will post a SAR57.6m net profit for the first quarter of 2018. While Eastern Province Cement Co has been predicted to record a SAR32.27m net profit, according to the investment company.

UltraTech Cement increases domestic cement capacity to 183.36Mta
UltraTech is pleased to announce the commissioning of 3.35Mta of brownfield clinker capacity alo...