Riyadh – Mubasher: Yanbu Cement Company achieved net profits after Zakat and tax worth SAR 115.23 million during the first half (H1) of 2021, down by 11.06% from SAR 129.56 million in H1-20.
Earnings per share stood at SAR 0.73 in H1-21, compared to SAR 0.82 in H1-20, according to the consolidated financial results on Thursday.
Revenues increased by 23% to SAR 535.09 million in the January-June 2021 period from SAR 434.33 million in the same period in 2020.
During the second quarter (Q2) of 2021, Yanbu Cement reported a decrease of 12% in net profits to SAR 41.83 million from SAR 37.33 million in Q2-20.
Revenues also grew 54.6% to SAR 242.69 million in Q2-21 from SAR 156.93 million in Q2-20.
On a quarterly basis, the net profits in Q2-21 were lower by 43% compared to SAR 73.39 million in Q1-21. The revenues were also down by 17% from SAR 292.4 million.
