Qassim Cement Company announced a profit of 56.02 million riyals (14.9 million dollars) in the first quarter of this year, compared to profits of 57.18 million riyals (15.3 million Dollars) in the same period in 2018, with a decrease of 2%.

The company said in a statement to the Saudi market today, Tuesday, that the decline in profits is due to the rise in other expenses and Zakat expense, despite the low average cost per ton of cement sold and the increase in the value of sales Higher returns on investments.

And the company achieved operating profits in the first quarter of 2019 by about 5.01 million riyals, up by 4.7%, compared to the profits for the same period last year of 54.59 million riyals. p>

The company's sales volume increased during the comparative periods from 147.9 million riyals to 153.4 million riyals, an increase of 3.6% and an increase of 5.5 million riyals.

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336 million riyals of SAFCO quarterly profits