Skip to main content

Fall in 4Q13 net profit for Saudi Cement

Published by
World Cement,

Saudi Cement saw an 8% fall in profit y/y in 4Q13 compared to 4Q12. Net profit for the cement manufacturer stood at SR256 million (US$68.3 million) during the quarter ending 31 December 2013, a fall from SR278 million (US$74.1 million) in the same period in 2012.

The decline in profit was accredited to a lower sales volume during 4Q13 and rising costs of raw materials such as clinker.

Despite this, net profit for FY13 increased to SR1.13 billion (US$301.3 million) from SR1.1 billion (US$293.3 million) in FY12 due to better operational efficiency.

Edited from various sources by Rosalie Starling

Read the article online at:


Embed article link: (copy the HTML code below):