Tabuk Cement Co. announced financial results for the third quarter and nine months ended September 30, 2018. For the quarter, net sales reached SAR 25.86 million compared to SAR 28.45 million for the same quarter last year. Total loss was SAR 8.72 million compared to SAR 6.6 million for the same quarter last year. Operational loss was SAR 13.31 million compared to SAR 5.99 million for the same quarter last year. Net loss after Zakat and tax reached SAR 19.19 million compared to SAR 12.2 million for the same quarter of the previous year. The increase in Net Loss during the current quarter compared to the same quarter of the previous year is due to decrease in selling price which related to competition strength although the quantities of sales increase for the current quarter compared to the same quarter of the previous year by 7.18%; the increase in the cost of sales which is related to increase of quantities; increase in Selling & Marketing expenses; no dividend for investment; and due to no other revenues. For the nine months, net sales amounted to SAR 113.87 million compared to SAR 124.95 million for the same period of the previous year. Operating loss was SAR 47.48 million compared to operating profit was SAR 6.33 million for the same period last year. Net loss after Zakat and tax amounted to SAR 66.49 million compared to SAR 2.23 million for the same period of the previous year. Loss in earnings per share amounted to SAR 0.74 compared to SAR 0.02 for the same period last year. The increase in Net Loss during the current period compared to the similar period of the previous year is due to decrease in selling price which related to competition strength although the quantities of sales quantities has increased compared to the same period pervious year by 17.46 %; the high cost of sales which related to increase in depreciation; increase in general and administration expenses; the current period is charged by SAR 12 million as a result of a revaluation of clinker stocks; the current period is charged by SAR 7.4 million as a decline in intangible assets; and increase in financing charges.