Saudi Ceramics profits fall 25% in 2022 to 173 Million SAR

Saudi Ceramics announced its 2022 financial results on Sunday, 26 February, which saw net profits decline by 25% to SAR 173.9 million from SAR 233 million in 2021.

The decrease in net profits is due to the relative decline in sales as well as higher production input costs, which affected profit margin rates, as well as an increase in sales and marketing expenses.  

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