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Saudi Cement posts 3Q14 results

Published by
World Cement,

Saudi Cement Company recorded a slight increase in net profit for the quarter ended 30 September 2014.

Despite a drop in quarterly cement sales due to declining local demand, the manufacturer beat analysts’ expectations, who predicted a decline in the company’s profits, posting a net profit of SR232 million (US$61.8 million), an increase from SR229 million recorded in the corresponding quarter in 2013. The rise was attributed to improved production efficiency.

Edited from various sources by Rosalie Starling


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