Two Saudi cement producers see profit drop in 2021 on falling sales

Two Saudi cement producers see profit drop in 2021 on falling sales
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Updated 28 February 2022
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Two Saudi cement producers see profit drop in 2021 on falling sales

Two Saudi cement producers see profit drop in 2021 on falling sales

RIYADH: Two Saudi cement producers reported a fall in profits in 2021 as their sales fell.

Saudi cement producers Najran Cement Co., and Arabian Cement Co. reported the fall in bourse filings.

Najran Cement recorded an 18-percent decline to SR165 million ($44 million), while Arabian Cement saw a fall of 12.6 percent to SR161 million.