Saudi Cement sees 49% lower profits in Q1-22 interim financials

Reuters Images/Faisal Al Nasser

The company generated revenues of $84.02mln in Q1-22, down 26.56% from $114.42mln in the year-ago period

Staff Writer, Mubasher

April 27, 2022

PHOTO

Riyadh – Saudi Cement Company has recorded a 48.82% year-on-year (YoY) decline in its interim net profits after Zakat and tax to SAR 61.1 million in the first quarter (Q1) of 2022 from SAR 119.4 million.

The company generated revenues of SAR 315.1 million in Q1-22, down 26.56% from SAR 429.1 million in the year-ago period, according to a recent bourse filing.

The earnings per share (EPS) settled at SAR 0.4 in the first three months (3M) of 2022, against SAR 0.78 in the same period of 2021.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO