Yanbu Cement reports 39% fall in profit for 2017

Saudi Arabia’s Yanbu Cement has reported a 39.4 per cent YoY decrease in profit for the full-year 2017 period, falling to SAR319m (US$85.07m) from SAR526m.

The company has attributed the results to a decline in sales volume and the average price of sales, according to Mubasher.

In the 4Q17 profit dropped 7.7 per cent to SAR96m, compared with SAR104m of the year-ago period.