Qassim Cement sees 38% drop in profit

Qassim Cement sees 38% drop in profit
29 January 2018


Saudi Arabia’s Qassim reported a 26.5 per cent YoY fall in sales to SAR626m in 2017 from SAR852m.

Net profit fell 37.8 per cent from SAR405.1m in 2016 to SAR251.8m one year later. 

Qassim Cement runs a single 4.4Mta plant with two kiln lines in Buraydah, central Saudi Arabia. The company had a 7.4 per cent market share in 2016, according to The Global Cement Report, 12th Edition.

Published under Cement News