Arabian Cement Co saw its net profit for the nine month period decline by 8.3% to $81.3m, and profits for the three-month period fell by 17% to $23.2m. The firm s lower profits have run against the trend of third quarter results posted by Saudi cement firms in recent days, and has been blamed on higher losses incurred through its Qatrana Cement business in Jordan. Losses increased in the venture over a nine month period by 350% to $36m, from $8m in the same period last year. Meanwhile, National GypsumCompany announced that its net income for the nine-month period fell by 23% to $5.2m. Third quarter income dropped by 16.5% to $0.96m. Source: uaecement
Source:
http://www.uaecement.com/newsDetail.aspx?id=693
