Riyadh – Mubasher: Al Jouf Cement Company’s profits tumbled 42.96% during the full-year 2017 to SAR 41.1 million, from SAR 72.1 million a year earlier.

The firm’s profit decreased 12.9% to SAR 8.5 million in the fourth quarter of 2017, compared to SAR 9.7 million during the same quarter the year before, according to a bourse filing.

The Saudi Arabia-based cement producer attributed the drop in its annual profits to a decline in sales volume, as well as a decrease in other revenues.

The stock edged up 0.78%, closing Monday at SAR 10.36.