Riyadh-Mubasher: Tabuk Cement made net earnings of SAR 32.63 million during the first quarter of 2015, falling 25.84% year-on-year from SAR 44 million but rising 12.91% quarter-on-quarter from SAR 28.9 million.

The cement producer attributed the profit decline to a reduction in sales quantity as well as lower than average sale prices and high general and administrative expenses.

The profit increase was fuelled by an increase in sales value and quantity, the company said.