Riyadh – Mubasher: Yanbu Cement Company posted a 11.11% decline in net profit for the first quarter of 2016, according to a bourse filing sent Wednesday.
The cement producer generated SAR 184 million earnings in the three-month period, down from SAR 207 million reported in the same period a year earlier.
Yanbu Cement ascribed the lower profits to a decline in sales volume in addition to a rise in fuel prices.
