Listed Saudi firms see 3.8% increase in 2014 sales

Listed Saudi firms see 3.8% increase in 2014 sales
Published: 02 March 2015

Tagged Under: Results Saudi Arabia Middle East 

Sales of the listed cement firms in Saudi Arabia grew by 3.8 per cent to hit SAR13.5bn (US$3.6bn) in 2014 compared to SAR13bn in 2013, according to a report published by Al-Hayat daily said.

Net profits rose by 6.10 per cent in the year to SAR6.2bn compared to SAR5.83bn in the previous year, the report added.

Meanwhile, the National Committee for Cement Companies (NCCC) said the volume of demand on cement is poised to grow by four per cent to reach SAR59.5Mt in the current year compared to 57.2Mt in 2014.