- RIYADH: Saudi Cement, the kingdom’s second-largest producer, reported a 19 percent rise in its first-quarter net profit, it said in a bourse statement.
Saudi Cement made a net profit of SR210.8 million ($56 million) in the three months to March 31, compared to SR176.6 million in the year-earlier period.
Analysts on average had forecast a quarterly profit of SR175.43 million, according to a Reuters poll.