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

  • 8/1/2022
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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.

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