Saudi White Cement Company achieved a 68% growth in first half 2020 profits to reach 121.3 million riyals, compared to 72.1 million riyals, in the same period last year.
According to Arabiya Net, the value of operating profits in the first half of the year amounted to 125 million riyals, compared to 77.1 million riyals, in the corresponding period of 2019, with a growth of 62% .
The company said that the growth of its profits is due to the increase in sales and the decrease in general and administrative expenses and financing expenses despite the increase in zakat allocations during the period.
(Amazon fun knowledge)
