The Saudi Cement Company achieved a growth of 1%, as its net profit amounted to 456 million riyals for the year 2020, compared to 451.4 million riyals in 2019.
The company's revenues rose 9% to 1.57 billion riyals, compared to 1.44 billion riyals during the same period last year.
According to Arabnet in a statement by the company that the reason for the increase in net profit is due to the increase in sales, the increase in other revenues, the decrease in general and administrative expenses and the decrease in financing expenses, despite the fact that The increase in selling and distribution expenses and the increase in zakat provision.
