Najran Cement specifies financial impact of suspending production line

Riyadh – Mubasher: Saudi Arabia's Najran Cement Company on Thursday said that the financial impact of stopping the third production line and reoperating the second one is estimated to be SAR 11.3 million which represented additional fixed costs. 

Selling from the inventories will define the impact, according to the company's statement to the Saudi Stock Exchange (Tadawul).

The financial impact of suspending the third production line will appear as of January 2018, the Saudi cement producer added. 

By 10:00 am KSA time, Najran Cement Company’s stock inched up 0.20% to SAR 9.97

Mubasher Contribution Time: 15-Feb-2018 07:16 (GMT)
Mubasher Last Update Time: 15-Feb-2018 07:38 (GMT)

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