Saudi Cement posts second-quarter net profit drop

Saudi Cement posts second-quarter net profit drop
Published: 15 July 2014


Saudi Cement posted a 6.2 per cent drop in second-quarter net profit on Monday as declining sales impact revenue.

The kingdom’s largest listed cement producer by market value made a net profit of SAR288m (US$76.8m) in the three months to the end of June 2014, compared to SAR307m in the comparative period of last year.