Tabuk Cement Company reported earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported net loss of SAR 36.08 million compared to profit of SAR 1.29 million a year ago. Operational loss was SAR 28.31 million compared to profit of SAR 2.31 million a year ago. The loss in the current quarter compared to a profit in the same quarter last year is due to the low selling price which related to competition strength although the quantities of sales increased and the high cost of sales which related to increase in depreciation and increase in financing costs in addition to a decrease of SAR 12 million in clinker stocks as a result of re-evaluation and a decrease of SAR 7.4 million in intangible assets. Sales /revenues during the current quarter reached SAR 41.27 million compared to SAR 39.04 million for the same quarter last year, an increase of 5.72%. For the six months, the company reported net loss of SAR 47.3 million or SAR 0.53 per share compared to profit of SAR 9.97 million or SAR 0.11 per share a year ago. Operational loss was SAR 34.17 million compared to profit of SAR 12.32 million a year ago. The loss in the current period compared to a profit in the same period last year is due to the low selling price which related to competition strength although the quantities of sales increased and the high cost of sales which related to increase in depreciation and increase in financing costs in addition to a decrease of SAR 12 million in clinker stocks as a result of re-evaluation and a decrease of SAR 7.4 million in intangible assets. Sales /revenues during the current period reached SAR 88.00 million compared to SAR 96.50 million for the same quarter of the previous year, a decrease of 8.80%.