-+ 0.00%
-+ 0.00%
-+ 0.00%
United Mining Industries Flags Higher Costs Amid New Power, Water Consumption Tariffs
Share
Listen to the news
05:46 AM EDT, 10/29/2026 (MT Newswires) -- United Mining Industries (SASE:9583) expects its cost of goods sold to increase by 0.64% due to the planned rise in electricity and water consumption tariffs in Saudi Arabia from Jan. 1, 2027. The Saudi building materials company expects a 0.52% increase from the electricity tariff and a 0.12% rise from the water tariff, according to a Thursday release. The company continues to implement initiatives to mitigate the financial impact of the tariff adjustments.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending