Najran Cement Company recorded a profit of 23.92%, after zakat and tax, to reach 36.06 million riyals in the third quarter of 2021, compared to 47.4 million riyals, profits for the same quarter of 2020.
According to Arabiya Net and on a quarterly basis, the company's profits increased by 10.25% in the third quarter of 2021, compared to 32.71 million riyals in profits for the second quarter of 2021.
The company said in a statement to Saudi Arabia's Tadawul, today, Tuesday, that the decrease in net profit during the current quarter, compared to the same quarter of the previous year, is mainly due to a decrease in net profit. Amount of sales.
The company's sales fell by 20.8% in the third quarter of this year to 125.88 million riyals, from 158.95 million riyals in the same period of this year.
The company's profits increased in the first nine months of 2021 by 7.49%, recording 129.5 million riyals, compared to 120.48 million riyals in the same period of the previous year.
The company's sales increased by 1.1% during the first nine months of the year to 441.89 million riyals, from 436.787 million riyals in the comparable period of 2020.
