Najran Cement’s half-year profit down 61% on lower sales

  • 8/1/2022
  • 00:00
  • 5
  • 0
  • 0
news-picture

RIYADH: Saudi-listed Najran Cement Co. has reported a 61 percent decline in profit for the first half of 2022, weighed down by lower sales. Profits of the homegrown cement producer went down to SR37 million ($10 million), from SR93 million in the same period a year earlier, a bourse filing revealed. The drop was primarily driven by lower cement sales, which fell by 22 percent on the year to SR248 million, as well as a rise in the cost of production inputs.

مشاركة :