Saudi Arabia: Najran Cement made a loss of US$5.8m in 2017 from a net profit of US$33.5m in 2016. It blamed the loss on lower prices, reduced sales volumes due to lower demand for cement and greater competition and higher production costs. Its sales revenue fell by 39% year-on-year to US$115m from US$189m.
Najran Cement makes loss of US$5.8m in 2017
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