The financial statements of Qassim Cement Company showed that the company's profits in the first half of this year increased by 55.5% on an annual basis.
According to the company's results for the Saudi market (Tadawul) today, Monday, profits for the period amounted to 196.64 million riyals, compared to the profits of the first half of last year amounting to 126.47 million riyals.
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The company said in a statement to the Stock Exchange that the increase in profits during the comparison periods was due to the increase in sales as a result of the increase in the quantity of sales and the rise in the average selling price, in addition to an increase in other revenues.
The company achieved profits of 85.47 million riyals in the second quarter of this year, compared to profits of 70.46 million riyals for the same period in 2019, with an increase in profits by 21.3% .
(Amazon Fun Knowledge)
