Saudi Arabia’s City Cement saw a 12.2 per cent rise in net profit to SAR36.2m (US$9.65m) in the second quarter of 2020, compared with SAR32.25m in the corresponding period of last year.
The higher profits have been attributed to a growth in sales and other revenues, alongside a decline in costs.
The company also reported a 44.8 per cent increase in net profit after zakat to SAR106.66m for the 1H20, against SAR73.67m in the first half of 2019.

UNACEM posts record EBITDA in 2024
Peru based cement producer UNACEM posted a record EBITDA of US$245m in 2024, representing an 11....