Gypsum industry news

Saudi Arabia: National Gypsum Company has reported that its net income for the first quarter of 2013 fell year-on-year by 31.5% to US$1.72m from US$2.50m in the same period in 2012. The wallboard producer attributed the decrease in net income to increased competition.

National Gypsum Company noted that its gross profit for the first quarter of 2013 fell by 6% to US$2.25m from US$2.39m. Operational income fell by 8.84% to US$1.65m from US$1.81m