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.

University of Michigan researchers convert CO2 into cement precursor
Chemists at the University of Michigan (U-M) have published research detailing a method to ca...