Arabian Cement sees 22% rise in profit

Saudi-based Arabian Cement Co has recorded a 21.6 per cent increase in net profit to SAR45.1m (US$12.03m) for the first quarter of 2020, compared to SAR37.1m in the year-ago period.

The company also reported an 8.2 per cent YoY rise in quarterly sales to SAR204.6m from SAR189.1m.