Tabuk full-year net earnings decline, Saudi Arabia

Tabuk full-year net earnings decline, Saudi Arabia
Published: 20 January 2014


Tabuk Cement' FY13 net earnings decreased 5.86 per cent in 2013 to SAR173.4m (US$46m) from SAR184.2m the year before.

The Saudi-based producer said net earnings in the fourth quarter of 2013 also fell by 16.26 per cent YoY to SAR38.1m (US$10.2m) compared to SAR45.5m in the comparative period of 2012.