Riyadh – Tabuk Cement Company registered 18.07% higher net profits after Zakat and tax at SAR 20.97 million in 2022, compared to SAR 17.76 million in 2021.

Revenues jumped by 30.20% year-on-year (YoY) to SAR 297.55 million during January-December 2022, versus SAR 228.53 million.

Meanwhile, the earnings per share (EPS) edged up to SAR 0.23 last year from SAR 0.20 in 2021, according to the financial results.

In the first nine months (9M) of 2022, the net profits after Zakat and tax of Tabuk Cement plummeted by 80.71% YoY to SAR 3.36 million from SAR 17.42 million.

The revenues enlarged by 20.60% to SAR 210.11 million in 9M-22 from SAR 174.22 million in 9M-21, while the EPS dropped to SAR 0.04 from SAR 0.19.

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