Arabian Cement posts net loss in 2Q18

Saudi cement manufacturer Arabian Cement has recorded a SAR50.9m (US$13.57m) net loss in the second quarter of 2018, compared with a SAR35.5m profit seen in the year-ago period.

Net sales also saw a significant 51.5 per cent YoY fall to SAR107.8m from SAR222.4m in the period.