The financial statements of Yamama Cement Company showed that the company's profits during the first nine months of this year increased by 39.8% on an annual basis.
According to the company's results for the Saudi market (Tadawul), today, Tuesday, profits for the period amounted to 249.55 million riyals, compared to 178.54 million riyals for the first nine months of 2019.
The company said in a statement to the Stock Exchange that the increase in profits during the comparison periods is due to the increase in the amount of sales, the increase in other revenues, and the decrease in general and administrative expenses.
The company achieved profits of 77.73 million riyals in the third quarter of this year, compared to a profit of 54.73 million riyals for the same period last year, with a 42% increase in profits.
