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Saudi Arabia West Asia cement mill sell at a loss

Saudi Arabia West Asia cement mill sell at a loss

24 August 2018.Arabian Cement Company(ACC) registered a netloss of SAR50.9m (US$13.5m) in the 2Q18 mainly due to reduced performance at itsQatrana Cement factoryin Jordan. The company's net profits fell by 5.5 per cent in 2Q18 compared to 2Q17, whilesalesreached 0.533Mt in 2Q18 down 34 per cent YoY. TheQatrana Cement plantrecorded a higher than estimated net loss of SAR52.2m in 2Q18.

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