The profits of “Arab Cement” declined to 23.6 million riyals in the first quarter

The profits of the Arab Cement Company (Arab Cement) decreased in the first quarter of 2025 by 56.5% to 23.6 million riyals, compared to 54.2 billion riyals in the same quarter of last year.
According to a statement on the company on the circulation of Saudi Arabia, the reason for the decrease in net profit is mainly due to: the decrease in the company’s average price of the company and the increase in the income tax for the affiliate company as a result of tax differences from previous years.
The reason for the net profit decreased mainly is: the average price of the subsidiary of the subsidiary, the high cost of revenues and the high income expenses for the subsidiary as a result of tax differences from previous years.