Southern Region Cement Company achieved 48.3% growth in net profits after zakat and tax to reach 135 million riyals during the 2020 quarter, compared to 91 million riyals in the same Period from last year.
According to Arabiya Net, the company said in a statement to the Saudi market that the increase in net profit for the current quarter compared to the same quarter of the previous year is due to the increase in sales revenues by 22.83% As a result of an increase in the amount of sales by 23.02% and an increase in other miscellaneous revenues by 282.01%.
The total sales revenue during the current period is 797 million riyals, compared to 618 million riyals for the same period of the previous year, an increase of 28.96%.
and the total shareholders' equity (no minority rights) during the current period amounted to 3.310 million riyals compared to 3,235 million riyals for the same period of the previous year (an increase of 2.32%) .
The total comprehensive income for the current period for the year 2020 is 318 million, compared to 211 million for the same period of the previous year, an increase of 50.71%.
The total comprehensive income for the current period for the year 2020 is 318 million, compared to 211 million for the current period of the previous year, an increase of 50.71%.
The basic earnings per share is calculated based on the distributable profit for shareholders of ordinary shares using the weighted average number of ordinary shares outstanding at the date of the financial statements.
(Amazon fun knowledge)
