Southern Province Cement reports 46% rise in 3Q sales

Saudi cement producer Southern Province Cement Co saw its net profit after zakat and tax surge to SAR90.3m (US$24m) in the 3Q19 from SAR5.4m in the 3Q18.

Third-quarter sales rose by 45.9 per cent to SAR286m in 2019 from SAR196m in the year-ago period.

The company also noted a 8.1 per cent YoY fall in finance costs.