15 Hrs
Source:
مباشر
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City Cement profit surges
City Cement’s net profit rose 99.24% year on year in the third quarter of 2026 to SAR 17.43 million, and increased 19.43% from the previous quarter. The company attributed the annual increase to a higher average selling price and lower cost of sales and general and administrative expenses, despite a 12.23% drop in revenue to SAR 84.46 million due to lower sales volumes. In the first nine months of the year, net profit fell 35.65% to SAR 62.2 million, affected by lower sales volumes and a lower average selling price.
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