RIYADH: Arabian Cement Co., also known as ACC, reported a 37 percent drop in profit for the first quarter of 2022 due to lower sales.
The cement maker’s first-quarter profit dropped to SR41.9 million ($11 million) from SR67 million in the same quarter last year, according to a bourse filing
The firm attributed the decrease in profit to lower sales volumes and volume in Arabian Cement and the subsidiary in Jordan.