Northern Region Cement Co. reported a net profit after zakat and tax of SAR 29.6 million for H1 2019, against a net loss of SAR 5.2 million a year earlier.
The robust results were driven by a rise in average selling prices and exports.
In Q2 2019, the cement producer posted a net profit after zakat and tax of SAR 14.1 million, compared to a net loss of SAR 6.7 million in Q2 2018 on higher average selling prices and exports.
When compared to the previous quarter, net profit dropped 9.3 percent as the company recorded capital gains in Q1 2019.
Be the first to comment