Saudi’’s Yanbu Cement Q3 profit drops 20%
Saudi Arabia’s Yanbu Cement Co. posted an almost 20 per cent drop in third-quarter net profit due to weaker sales.
Yanbu Cement made a net profit of SAR98m compared (US$26.13m) to SAR122 million riyals in the same period a year ago, the firm said in a statement on Monday.
It blamed falling sales volumes but did not elaborate.
Published under Cement News
