RIYADH: Saudi Cement Co. recorded a 27-percent drop in profit in 2021 as revenues fell on the back of lower selling prices. Net income was down to SR331 million ($88 million) from SR456 million a year earlier, according to a bourse filing. Along with the profit drop, the Dammam-based company saw its annual revenues fall by 10 percent to SR1.41 billion.. This came as lower prices weighed on sales, despite an increase in quantities sold locally, the cement producer said.