Saudi Arabia’s Yanbu Cement Co has reported a 55.8 per cent YoY decline in net profit to SAR36.4m (US$9.71m) in the third quarter of 2021, compared to SAR82.48m in the year-ago period. Revenue also fell 13.5 per cent YoY to SAR207.78m from SAR240.36m in the 3Q20.
During the first nine months of the year, the company recorded a 28.7 per cent decrease in profit to SAR149.69m from SAR210.12m in the 9M20. However, revenue was up 10 per cent YoY to SAR742.87m in the 9M21.

Power Cement reports positive 3Q and 9MFY24-25 results
Pakistan-based Power Cement Ltd posted PKR7.182bn (US$52.5m) in revenue for the quarter ended ...