Riyadh – Mubasher: Tabuk Cement Company posted a 22% decline in net profit for the fourth quarter of 2015 to SAR 22.6 million, compared with SAR 28.9 million in the prior-year period.
Net profit for FY15 reached SAR 91.4 million, down 34% from SAR 137.6 million a year earlier.
The cement producer ascribed the profit decline to a decrease in sales and a rise in expenses.
