Cement News tagged under: 1Q16
Saudi Cement 1Q16 12.5% net profit fall19 April 2016, Published under Cement NewsSaudi Cement reported a 12.54 per cent drop in 1Q16 net profit on Monday, hurt by a decrease in sales and an increase in energy costs. One of the kingdom’s largest cement firms by market value made a net profit in the three months to 31 March of SAR265m (US$70.7m), down from SAR303m in the corresponding period of 2015, according to a bourse filing says AME Info. Construction-related firms have been put under pressure though by a slowdown in the sector, caused by cutbacks in state spending... |