Arabian Cement announces net loss in 1Q18

Arabian Cement has announced a 106 per cent YoY decline in net profit for the first quarter of the year, falling from SAR100.7m (US$26.85m) to a loss of SAR6.1m, according to Reuters.

The Saudi Arabian cement company also recorded a 26.6 per cent fall in net sales to SAR199.7m, compared with SAR272.1m of the year-ago period.