< Al Madina Cement Company achieved 70% growth in first quarter earnings of 2020 to reach 70.4 million riyals, compared to 41.4 million riyals in the first quarter of last year.

According to Arabia Net, profits increased by 24%, compared to the profits achieved in the previous quarter, when it was 56.7 million riyals.

Al Madina Cement achieved operating profits in the first quarter of 2020, amounting to 80.4 million riyals, compared to 51.2 million riyals, in the first quarter of 2019, a growth of 56.8%. < / p> The company said that the increase in the first quarter profits is due to an increase in the amount and value of sales and other income, in addition to a slight decrease in general and administrative expenses.