Saudi-based Yanbu Cement Company reported a two per cent decline in net profit over the first nine months of 2015 to SAR597m (US$159m), compared to SAR609m in the same period of 2014.
In the third quarter alone, profit was down by 11 per cent to SAR145m versus SAR163m in 3Q14, according to a bourse filing.
The profit drop during the first nine months and third quarter of 2015 is mainly attributed to a decline in other revenues.
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