Najran Cement in Saudi Arabia has announced lower earnings during the second quarter of 2016, according to a bourse filing. Earnings fell 56.8 per cent YoY to SAR33.6m (US$8.96m) from SAR77.83m due to lower sales volumes.
The gains made by an increase in average sales prices and a fall in selling and distribution expenses were offset by a slowdown of building and higher energy prices.
In the first half of 2016, Najran Cement earned SAR94.69m, representing a 44.2 per cent decrease YoY from SAR169.8m.

National Wealth Fund and industrial consortium finance Peak Cluster project
The Peak Cluster project will link cement and lime plants in the Peak District, UK, to a carbon...