Saudi Arabia: Yanbu, All Jouf and Saudi Cement see fall in 3Q16 profits

Saudi Arabia: Yanbu, All Jouf and Saudi Cement see fall in 3Q16 profits
Published: 19 October 2016


More Saudi cement producers have reported a fall in profits for the third quarter of 2016. The decline in profits were attributed to lower sales and a drop in average selling prices as competition intensified amid weaker demand. Higher oil prices have also been cited as a major factor in the decrease.





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