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Yanbu Cement Company achieved a growth rate of 9% in 2020 profits to reach 281.02 million riyals, compared to 257.8 million riyals in 2019.
According to Arabiya Net, the company's revenues decreased by 3.7% to 939.99 million riyals, compared to 975.74 million riyals in 2019.
The main reason for the increase in net profit is the decrease in general and administrative expenses and financing expenses, and the increase in other revenues, according to the company.
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