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.
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