Tabuk Cement posts 3M profit

Saudi cement producer Tabuk Cement Co has returned to profit in the first quarter of 2019, posting a SAR3.63m (US$968,000) net profit.

The rise has been attributed to increased revenues and investment returns, according to a company bourse statement.

In 2018 the company reported a 316.4 per cent YoY hike in net loss after zakat and taxes to SAR98.84m while revenues fell 10.3 per cent to SAR149.44m.