[ad_1]
The profits of the Saudi Arabian Cement Company for the third quarter of 2018 decreased 51% year-on-year to 14 million RS.
Although the company suffered losses in the first nine months of the same year, about 43 million riyals, compared to a profit of 166 million riyals in the same period last year.
The Company attributes the reasons for lower third-quarter earnings to lower sales value due to lower average selling price of the subsidiary and the parent company, as well as lower sales volume of the parent company. the parent company due to weak demand for cement and the intensity of competition and high customs charges.
[ad_2]
Source link
