Cement News tagged under: Northern Region
Clinker sales boost Northern Region 3Q profit04 November 2014, Published under Cement NewsSaudi Arabian cement maker Northern Region Cement Co reported on a 2.6 per cent YoY increase in its third-quarter net profit to SAR51.35m (US$ 13.69m), fuelled by higher clinker sales. Operating profit grew almost 20 per cent on a YoY basis to SAR 58.33m. Gross profit gained 16.9 per cent to SAR 69.48m. Net profit for the first nine months fell 4.8 per cent in annual terms to SAR 174.2m, mainly due to increased sales, marketing and financing costs and decreased returns on investment. ... |
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