Financial Results : Saudi Cement net profit falls 20% to SAR 264.5 mln in 9M 2021

Saudi Cement net profit falls 20% to SAR 264.5 mln in 9M 2021

02/11/2021 Argaam Exclusive

View other reports

Saudi Cement Co. reported a net profit after Zakat and tax of SAR 264.5 million for the first nine months of 2021, a 20% decline compared to a net profit of SAR 331.8 million in the same period last year.

 

The company attributed the decrease in net profit to lower selling prices and higher selling and distribution expenses.



The company reported a net profit of SAR 58.7 million for Q3 2021, a 46% year-on-year (YoY) decrease.



On a sequential basis, net profit fell 32% from SAR 86.4 million in Q2 2021.

 

Shareholders’ equity, after minority interest, dropped 5.9% to SAR 2.377 billion as of Sept. 30, 2021, from SAR 2.526 billion a year earlier.

 

View more financial results

 

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.