Qassim Cement Co. reported a net profit after zakat and tax of SAR 360.7 million for the fiscal year 2019, an over twofold rise year-on-year (YoY).
The fourth quarter net profit stood at SAR 144.1 million. Shareholders’ equity, excluding minority interest, reached SAR 1.78 billion.
The annual figures were bolstered by higher sales volumes and average selling prices, as well as an increase in other income and investment returns.
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