Saudi's Yamama Cement falls to bottom of TASI as profit plummets

About this update from Yamamah Saudi Cement Co.

** Shares of Yamama Cement TADAWUL:3020 fall as much as 9.5% to 28.62 riyals; top loser on Saudi benchmark index TADAWUL:TASI** Stock poised for its sharpest one-day decline in nearly five-and-a-half years, if current losses hold** Q3 net profit falls more than 63% Y-o-Y to 35.9 million riyals ($9.57 million)** Drop driven by lower selling prices and higher admin/selling costs** Three of four analysts rate the stock "hold" while one suggests "buy"; median PT is 36.5 riyals - LSEG data** Session's decline takes YTD losses to 18.35%($1 = 3.7504 riyals)

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