Tabuk Cement sees 65% profit drop in 2021 on lower sales

RIYADH: Saudi Arabia’s Tabuk Cement Co. saw its profits drop by 65 percent in 2021 on the back of lower sales.

Profits of the company dropped from SR51.6 million ($13.8 million) to SR17.8 million, according to a bourse filing.

This came as sales fell by 17.3 percent to SR229 million.