Follow-ups -eshrag News:
RIYADH: Saudi-listed Al-Jouf Cement Co. has recorded a profit decline of 74 percent in the first quarter of 2022, resulting from a drop in sales.
The cement producer, which is based in the northwest of the Kingdom, saw its profit reach SR5.6 million ($1.5 million) in the first quarter of 2022, down from SR21 million in the prior-year period, according to a bourse filing.
This was accompanied by a decrease in revenues, which plummeted by 28 percent to SR49 million from SR68 million in the same period last year.
Saudi cement sector performance slumps amid soaring energy prices
Noting that the news was copied from another site and all rights reserved to the original source.