Yanbu Cement Company's financial statements showed an increase in profits for the past year by 182.8% on an annual basis.
According to the company’s results for the Saudi market (Tadawul) today, last year’s profits reached 257.82 million riyals, compared to profits of 91.18 million riyals in 2018. >
The company said in a statement to the stock exchange that the increase in profits is due to the increase in the value of sales due to an improvement in the average selling price in 2019 compared to the previous year, despite the increase in general and administrative expenses, and expenses Zakat and other income is declining.
The company achieved sales of 975.74 million riyals in the past year, compared to 767.13 million riyals in 2018, an increase of 27.2%.
