Riyadh Cement Co. reported a net profit after Zakat and tax of SAR 211.7 million in 2021, a 4% decline from SAR 220 million a year earlier.
The profit decline was attributed to higher general and administrative expenses and increased Zakat expenses in 2021, compared to the previous year, despite increase of sales value.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 590.29 | 671.07 | 13.7 % |
| Gross Income | 254.10 | 266.55 | 4.9 % |
| Operating Income | 226.89 | 229.14 | 1.0 % |
| Net Income | 219.95 | 213.73 | (2.8 %) |
| Average Shares | 120.00 | 120.00 | - |
| EPS (Riyals) | 1.83 | 1.78 | (2.8 %) |
Shareholders’ equity, after minority interest, edged down 1.5% to SAR 1.671 billion in 2021, from SAR 1.696 billion in 2020.
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