Skip to main content

Saudi Cement reports fall in profits in 2016

Published by , Editor
World Cement,

Saudi Cement has reported a fall in net profits in 2016 from SAR940 million to SAR902 million – or 4.04%.

The company blamed falling sales and increased costs due to rising power prices on the fall. A decrease in other income and an increase in financing charges also hit the company’s bottom line.

Total sales for the year were SAR1.778 billion, down from SAR1.932 billion in 2015 – an 8% fall.

Saudi Arabia’s cement producers faced a challenging market towards the end of last year. Most experienced double-digit falls in net profit, as investment in the country’s construction sector fell on government cutbacks and reduced private sector activity.

Read the article online at:

You might also like


Ready to revolutionise the cement industry?

Join World Cement in Lisbon, 10 – 13 March 2024, for our first in-person conference and exhibition: EnviroTech.

This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.

Get your early bird tickets NOW »


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