Al-Jouf Cement Company’s profits decreased by 55% to reach, after zakat and tax, 3.7 million riyals in the third quarter of this year, compared to 8.22 million riyals, profits for the same quarter of 2020.
According to Arabia Net, on a quarterly basis, Al Jouf Cement's net profit declined by 54.4% in the third quarter of this year, compared to a net profit of about 8.12 million riyals in the quarter. The second of 2021.
Al-Jawf Cement said, in a statement on Saudi Arabia's Tadawul, today, Thursday, that the reason for the decrease in net profit during the third quarter of this year compared to the same quarter of the previous year This is due to the decrease in the amount of sales and the average selling price, and the increase in financing expenses.
During the first nine months of this year, Al-Jouf Cement's net profit rose by 1.79% to 31.23 million riyals after zakat and tax, compared to about 30.68 million riyals in the same period. from last year.
