Najran Cement narrows net loss in 2Q19

Saudi Arabia’s Najran Cement has narrowed its net loss to SAR2.6m (US$693,333) in the 2Q19, compared with SAR31.7m of the year-ago period. Sales rose 38 per cent YoY to SAR76.3m from SAR55.3m.

The company also reported a decrease in the cost of production per tonne of cement and higher prices.