Southern Province Cement posts 29% drop in 9M15 net earnings

Southern Province Cement posts 29% drop in 9M15 net earnings
Published: 15 October 2015


Saudi producer Southern Province Cement Co posted net earnings of SAR202m (US$53.9m) for the third quarter of 2015, down 29 per cent compared with SAR285m a year earlier.

Net earnings for the nine-month period ended 30 September also decreased by 7.6 per cent YoY from SAR800m to SAR739m.