(Photo Credit: Arabianeye-Reuters)
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Riyadh - Mubasher: Yanbu Cement’s profits retreated 27.49% year-on-year to SAR 124 million in the first quarter of 2017 from SAR 171 million.
The decline in profits was attributable to weaker demand and fierce competition, according to a bourse filing on Wednesday.
Total sales reached SAR 296 million in Q1-17 compared to SAR 303 million in Q1-16.
Source:
Mubasher
