Riyadh – Mubasher: The net earnings of Yamama Cement Company stood at SAR 77.7 million in the third quarter (Q3) of 2020, a surge of 42% when compared to SAR 54.7 million in the same quarter in 2019.
The leap in the interim profits was supported by higher sales volume and other income, according to a bourse filing on Tuesday.
Revenues for Q3-20 came in at SAR 217.5 million, compared to SAR 186.5 million in Q3-19, posting a 16.6% annual growth.
In the first nine months of the year, the company’s profits totalled SAR 249.5 million, up by 39.8% on an annual basis.
