Yamamah Cement Company recorded a decrease in profits for the third quarter of 2021 by 58%, to reach, after zakat and tax, 39.97 million riyals, compared to 95.31 million riyals in the third quarter. From 2020.
According to Arabiya Net, on a quarterly basis, the company's profits decreased by 48.5% during the third quarter of this year, compared to 77.68 million riyals in the second quarter of 2021.< /p>
The company said in a statement to Saudi Arabia's Tadawul, today, Tuesday, that the decline in profits is due to the decrease in the quantity and value of sales for the current quarter compared to the same quarter of the previous year.
Yamamah Cement's revenues decreased by 31.63% in the third quarter of the year, registering 170.66 million riyals, compared to 249.64 million riyals in the same period of the previous year.
In terms of the first nine months of 2021, the results showed a decrease in profits by 36.13% to 172.52 million riyals, compared to 270.11 million riyals in the same period of 2020. .
