Saudi cement producer Qassim Cement reported a net profit after zakat and tax of SAR70.5m (US$18.8m), a 383 per cent increase YoY, when net profit reached SAR18.4m, according to Reuters.
Second-quarter sales surged from SAR88.1m in the 2Q18 to SAR154.5m in the 2Q19. The rise in sales was driven by an increase in average selling prices.
Cementos Progreso Holdings takes over Cemex's Dominican Republic and Haiti operations
As of today, the consortium led by Cementos Progreso Holdings takes control of Cemex 's opera...