Riyadh – Mubasher: Tabuk Cement Company’s net profit fell 21.2% year-on-year to SAR 21.2 million ($5.65 million) in the second quarter of 2016 from SAR 26.9 million ($7.2 million).
The company attributed the profit decrease to a decline in average sales price and other income, according to a bourse filing on Tuesday.
The Saudi-listed company’s profit also retreated 27.14% to SAR 43.35 million in the first six months of 2016, compared to SAR 59.5 million in H1-15.
