The net profit of Al Yamamah Cement Company declined by 55.74%, after Zakat and the tax to 54.87 million riyals in the first quarter of 2021, compared with SR 123.97 million in the same quarter of 2020.
According to Arab Net, net profit on a quarter of 51.75% in the first quarter of this year, compared with a net profit of 113.73 million riyals in the fourth quarter of 2020,
Al Yamamah Cement said in a statement on Saudi trading on Tuesday that the decline in net profit in the first quarter of 2021, on an annual basis, returned to a decrease quantity and value of sales compared to the same quarter of the previous year.
Total sales of the company was about 180.26 million riyals in the first quarter of 2021, compared to SR 290.02 million in the same quarter of 2020.
Al Yamamah Cement Company on Wednesday has risen by 41.72%, during 2020, up to 363.276 million riyals, compared to SAR 256.33 million profits in 2019.
