Tabuk Cement Swings to Loss as Sales Plunge 45%
Tabuk, Saudi Arabia — Tabuk Cement Co. reported a net loss of 5.38 million SAR in Q3 2026, reversing a profit of 8.25 million SAR in the same quarter last year. Suspended major projects in the Tabuk region crushed demand, while rising fuel costs squeezed margins further. The result marks a sharp deterioration from the […] The post Tabuk Cement Swings to Loss as Sales Plunge 45% appeared first on…
Tabuk Cement Co. reported a net loss of 5.38 million SAR in Q3 2026, reversing a profit of 8.25 million SAR in the same quarter last year. The loss was primarily driven by suspended major projects in the Tabuk region, which crushed demand, and rising fuel costs that squeezed margins. The result marks a sharp deterioration from the prior quarter’s slim 0.51 million SAR profit, and the company's revenue fell 45.5% year-on-year to 39.71 million SAR, while its net loss attributable to shareholders reached 0.78 million SAR.
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