Saudi Arabia's Yanbu Cement Company expects its net profit in the fourth quarter to fall 35.5 per cent, company data showed on Monday.

Yanbu Cement said in a statement that preleminary results show its net profit this year would reach SR478 million ($127.5 million) down from SR559.7 million in the previous year.

The firm has reported that its net profit in the nine months to end-September stood at SR400.5 million. This means Yanbu expects its fourth-quarter net profit to reach SR77.5 million, down from SR120.2 million a year earlier.-Reuters