The profits of Najran Cement Company decreased by 0.75% to register after zakat and tax 32.71 million riyals in the second quarter of 2021, compared to 32.96 million riyals, profits for the same quarter of 2020.
According to Arabiya Net, Najran Cement’s profits fell on a quarterly basis by 46.15% in the second quarter of 2021, compared to a net profit of 60.74 million riyals in the first quarter of this year.
Najran Cement said, in a statement on the Saudi Tadawul, today, Wednesday, that the decrease in net profit during the second quarter of 2021, compared to the same quarter of the previous year, is due to the high cost of sales per ton despite the increase in sales and lower financing expenses.
Najran Cement’s net profit increased by 27.88% in the first half of this year, to reach 93.45 million riyals, compared to about 73.08 million riyals in profits in the first half of 2020.
