Cement News tagged under: Southern Province
Saudi Arabia: Southern Province reports 48% fall in 4Q profits17 February 2017, Published under Cement NewsSouthern Province Cement reported a decline of 48 per cent in its profits for the fourth quarter of 2016. Profits in 4Q16 fell to SAR156m (US$41.6m) from SAR300m in 4Q15. Southern Province Cement is part of a trend that sees Saudi cement producers report a considerable drop in sales due to a signficant reduction in construction activity in 2016. Infrastructure spending in Saudi Arabia has sharply dropped in 2016 and total cement consumption in 2016 reached 55.3Mt, a far cry from its 2015... |
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