WORSENING PROFITABILITY
Saudi Ceramics achieved a disappointing Q2 2016, with a net profit amounting to a poor SAR28.344m, a decline of 65.11% yoy and of 41% compared to last quarter, bringing the net result related to H1 2016 to decrease by 53.86% yoy, reaching SAR76.362m. The operational profit stood at SAR36.680m vs. SAR85.996m in Q2 2015.Saudi Ceramics is engaged in the production and sales of Ceramic products and water heaters and import related machineries, equipments and other accessories.
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