Qassim Cement Q218 sees 65% profit fall

Saudi cement producer Qassim Cement reported a 65.4 per cent fall in net profit to SAR18.4m in the second quarter of 2018, when compared with a net profit of SAR53.2m in 2Q17.

Sales declined by 34.8 per cent from SAR135.1m in 2Q17 to SAR88.1m in the April-June 2018 period.