40.1500
Change
-0.2000
Change %
0.4957%
Open
40.3500
Close
40.1000
High
40.3500
Low
39.9000

Eastern Province Cement Q3 profit slips 35.4% on competition

2018-10-30 09:37:40 GMT (Economies.com)
 

Eastern Province Cement Co. on Tuesday posted a 35.4% decline in net profit for the third quarter ended 30 September, 2018.

 

The company’s Q3 net profit amounted to SAR 9 million, down from SAR 14 million reported in the same period a year earlier.

 

Meanwhile, net operating income fell to SAR 7 million, from SAR 18 million in Q3-17.

 

The profit decline was ascribed to fierce competition in the local market, coupled with a rise in other expenses and a decline in investment income.

 

Net profit for the first nine months of 2018 amounted to SAR 99 million, down 55.5% year-on-year to SAR 44 million.

 
 
 
  Symbol Last Change Chg.%
1.1090
-0.0030
0.2734%
1.3009
-0.0027
0.2087%
Tadawul
8459.80
27.24
0.32%
18.021
-0.083
0.456%
58.778
-0.410
0.694%
65.02
0.40
0.62%
1556.915
-5.780
0.370%
 
 
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