Saudi: Umm Al-Qura Cement Co net loss narrows

Saudi: Umm Al-Qura Cement Co net loss narrows
Published: 22 January 2016


Umm Al-Qura Cement Co saw its full-year net loss narrow in 2015 to SAR24.07m compared to a net loss of SAR28m a year earlier. Operating losses were also down to SAR21.96m, compared to SAR27.12m in 2014.

However, the Riyadh-based company reported net loss for 4Q15 of SAR10m, versus a net loss of SAR3.72m in the same period a year earlier.