Riyadh – Mubasher: Al Jouf Cement Company achieved a net profit of SAR 7.1 million in the fourth quarter of fiscal year 2014/15, a 66% fall compared to SAR 20.9 million in the same period of 2014.
Net profit reached SAR 78.3 million in 2015, versus SAR 60.5 million in 2014, rising 29%.
The decline in Q4 profit was attributed to the lower average selling price and high maintenance expenses, which outweighed the increasing sales during the period.
However, the rise in annual profit was a result to increasing sales and lower cost of sales.
