Saudi Arabia: Southern Cement’s net profit fell by 31% year-on-year to US$36.8m in the first half of 2018 from US$53.3m in the same period in 2017. The cement producer blamed the fall in profit on poor demand as well as effects from the Ramadan and Eid public holidays.
Southern Cement’s first half profit falls on poor demand
URL: https://www.globalcement.com/news/item/7850-southern-cement-s-first-half-profit-falls-on-poor-demand
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