Riyadh – Mubasher: Al Jouf Cement posted a drop of 15.17% in the second quarter’s profits that reached SAR 22.74 million ($6.06 million) as compared to SAR 26.8 million ($7.15 million) in the same period of 2015.
During the first half of 2016, the Saudi company posted a fall of 9.7% in profits that totalled SAR 47.46 million versus SAR 52.6 million in H1-15, the company said in a bourse statement.
The decrease in earnings resulted from higher fuel prices despite the increase in sales and other revenues.
