The decline is attributed to lower sales and a rise in energy prices. (Photo Credit: Arabianeye-Reuters)
SAUDI CEMENT
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Riyadh – Mubasher: Saudi Cement logged a net profit of SAR 265 million ($70.67 million) in the first quarter of 2016, a decline of 12.54% from SAR 303 million ($80.8 million) in the corresponding period in 2015.
The decline is attributed to lower sales and a rise in energy prices, the company said in its filing to the Saudi Stock Exchange (Tadawul) on Monday.
Source:
Mubasher
