Saudi cement producer Eastern Province Cement Co (EPCC) has posted a 158.7 per cent jump in profits to SAR181m (US$48.3m) in 2019, up from SAR70m in 2018.
Revenues increased 28.8 per cent to SAR729m last year. The increase in net profits after zakat and tax has been attributed to higher sales volumes and prices, investment income and a lower zakat provision and a refund on a provision for credit losses. There was also a reduction in losses on disposal of property, plant and equipment, reported Mubasher.

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