Saudi Arabia: Eastern Province Cement Q2 profits fall 46%

Saudi Arabia: Eastern Province Cement Q2 profits fall 46%
Published: 28 July 2016


Eastern Province Cement Company’s net profits dropped 46.2 per cent YoY to SAR50m (US$13.3m) in 2Q16, compared to SAR93m (US$24m) in the same period in 2015.This decrease is attributed to lower operating profit, lower sales as local demand weakens and higher production costs.

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