Umm Al-Qura Cement sees 15% drop in 2018 revenues

Umm Al-Qura Cement Co reported a fall in sales of -14.9 per cent to SAR164.4m (US$43.8m) in 2018 when compared to sales of SAR193.2m in 2017.

Total profit decreased by 32.3 per cent from SAR71.9m in 2017 to SAR49.6m in 2018 while net profit after zakat and tax declined 84.6 per cent to SAR10m in 2018 when compared with SAR65.6m in the year-ago period.