Riyadh - Mubasher: The financial statements of Northern Region Cement Company showed a decline in net profits by 65.65%.
Profits dropped to SAR 52.3 million in 2017, compared to SAR 152.26 million for the year before, the company said in a statement to the Saudi Stock Exchange (Tadawul) on Thursday.
Northern Cement attributed to the decrease in profits to lower sales volumes and selling prices, alongside an increase in competition and production costs.
