The profits of the Saudi Ceramic Company recorded an increase in profits by 61.4%, to reach, after zakat and tax, 52.39 million riyals in the third quarter of 2021, compared to 32.46 million riyals In the same quarter of 2020.
According to Arabia Net and on a quarterly basis, Saudi Ceramics net profit declined by 17.27% in the third quarter of this year, compared to a profit of 63.33 million riyals in the second quarter. From 2021.
Saudi Ceramics said, in a statement on the Saudi Tadawul, today, Monday, that the reason for the improvement in performance and achieving an increase in net profit during the current quarter compared to the same quarter of the previous year It is due to an improvement in profit margins.
The company continued: The current quarter witnessed a decrease in selling and marketing expenses, as well as general and administrative expenses, in addition to a decrease in financing costs in the current quarter compared to the same quarter of the previous year.< /p>
The data indicated that the net profit after zakat and tax increased by 275.92% in the first nine months of this year to 186.67 million riyals, compared to 49.65 million riyals in the period. Similar to the previous year.
The company's revenues increased by 0.7% in the nine months to 1.156 billion riyals, compared to 1.148 billion riyals in the same period of the previous year.
The company pointed out that the comparative earnings per share figures were recalculated due to the capital increase, which affected the average number of shares.
