Riyadh – Mubasher: Arabian Cement Company posted financial results for the period ended in 31 December, 2015.
The fourth-quarter net profit rose 8% year-on-year to SAR 156.5 million from SAR 144.6 million
Net profit for FY15 fell 6.5% to SAR603 million against SAR645 million in 2014.
The company attributed this rise in Q4 profits to cost of sale that decreased by 14% to SAR223 million in this quarter, compared with SAR259 million in the previous year.
Moreover, the company said this year-on-year fall in FY15 profits is ascribed to the group’s gross profit that lost SAR6 million, or 0.8%.
