Al Qassim Cement Company fell 9.26%, with net profit after Zakat and the tax was 100.87 million riyals in the first quarter of 2021, compared to net profit of about 111.17 million riyals Quarter of 2020.


According to Arabs, Qassim Cement profits on a quarter of 10.8% in the first quarter of 2021, compared with a net profit of 113.09 million riyals in the fourth quarter of 2020,


The company said in a statement on Saudi trading on Monday that the reason for the decline in net profit during the first quarter of 2021 compared with the same quarter, returns to the decline in sales as a result of the lowest selling price, though high sales and high Financial investment returns and lower public and administrative expenses.


Sales amounted to 223.35 million riyals, in the first quarter of 2021, compared with SR 261.75 million in the same quarter of 2020, down 14.7%.


The Qassim Cement, announced the 2020 financial results, achieved in net profit grew from 16.4%, to 419.83 million riyals, compared to SR 360.7 million during 2019.