Al-Jouf Cement Company achieved a growth of 918% in the profits for the first quarter of 2020 to reach 15.2 million riyals, compared to 1.4 million riyals, in the corresponding period of last year.
According to Arabia Net, the company's profits increased by 498% compared to the profits achieved in the previous quarter, as it was 2.5 million riyals.
The value of operating profits in the first quarter amounted to 17.5 million riyals, compared to 1.08 million riyals, in the corresponding period of 2018, with a growth of 1509%.
Al-Jouf Cement said that the profit growth in the first quarter is due to the increase in the value of sales, and the decrease in the cost of sales per ton as a result of the increase in production, despite the decline in other revenues. >
