Al Jouf reports 75% drop in quarterly net profit, Saudi Arabia

Al Jouf reports 75% drop in quarterly net profit, Saudi Arabia
Published: 28 January 2014


Al Jouf Cement posted weak fourth-quarterly financial results, with earnings declining by 74.59 per cent YoY and 16 per cent QoQ  to SAR6.1m (US$1.6m). The results missed Al-Rajhi Capital estimates of SAR22m and consensus forecast of SAR20m.



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