Riyadh – Mubasher: Saudi Cement Company posted a 33% decline in net profit for the fourth quarter of 2015 to SAR 180 million, compared with SAR 268 million in the same period a year ago, according to a bourse filing sent Sunday.
Net profit for FY15 reached SAR 944 million, down 12% year-on-year from SAR 1 billion.
The cement producer said the decline in net profit for the fourth quarter was due to lower local sales.
