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.

MPA welcomes UK-EU emissions trading link
UK-based Mineral Products Association (MPA) has welcomed the proposed link-up between the UK and...