Yanbu Cement’s Q2 profits hike 760%

Yanbu Cement Company disclosed its interim financial results for the second quarter of 2019.

  
Riyadh – Mubasher: Yanbu Cement Company disclosed its interim financial results for the second quarter of 2019.

Net profits after zakat and tax soared by 760% to SAR 40.1 million in Q2-19, compared to SAR 4.67 million in Q2-18, according to the company’s filing to the Saudi Stock Exchange (Tadawul) on Tuesday.

Total revenues levelled up by 6.1% to SAR 209.57 million during the three-month period ended June, from SAR 197.3 million in the corresponding period last year.

For the first half of 2019, net profits of Yanbu Cement surged by 151.9% to SAR 113.03 million, versus SAR 44.87 million in H1-18.

The Saudi firm’s revenues increased by 13.6% year-on-year to SAR 469.3 million during the first six months of 2019.

Profit per share recorded SAR 0.72 by the end of June, from SAR 0.28 in the same period a year ago.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Construction