Southern Province Cement quarterly net drops, Saudi Arabia

Southern Province Cement quarterly net drops, Saudi Arabia
Published: 19 April 2010

Southern Province Cement Co said first quarter profit dropped five per cent because of the government’s imposed export ban, and a drop in sales.

Net income fell to SAR189.6m from SAR200.2m in the year-earlier period, the cement maker said in a statement on the Saudi bourse website said.