Northern Region Cement Co. reported a net profit after Zakat and tax of SAR 92.8 million for the fiscal year 2019, compared to a net profit of SAR 13.1 million a year earlier.
The sevenfold rise year-on-year (YoY) was buoyed by an increase in average selling prices and sales volumes, in addition to higher white cement exports.
In Q4 2019, the cement producer reported a net profit after Zakat and tax of SAR 37.3 million compared to a net profit of SAR 13.3 million in year earlier period.
Shareholders’ equity after minority interest hit SAR 2.15 billion.
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