Yanbu Cement Q3 profit drops 20%
Submitted by Aabid Hussain on Wed, 10/07/2009 - 19:07Saudi Arabia-based Yanbu Cement Company has clocked 20% decline in third-quarter net profit.
The company has attributed the dip in net profit to weaker sales.
Yanbu Cement representatives stated in a communiqué that the company's net profit figure during review quarter stood at SR98 million compared to SR122 million in the corresponding period a year ago.
