Qassim Cement profits fall 17% in 1Q16

Qassim Cement profits fall 17% in 1Q16
Published: 11 April 2016


Saudi Arabia’s Qassim Cement saw its profits drop 16.8 per cent YoY to SAR135.4m (US$36.1m) from SAR162.7m.

The fall in profits has been attributed to an increase in cost of sales which was unable to offset the rise in sales value and volume during the first quarter.