Najran Cements Profits Fell to SR36 mln during the 3Q by 24%

Najran Cement Company net profit after zakat and tax decreased to SR36 million during the third quarter, compared to SR47.4 million during the same quarter of the previous year, at a rate of 23.9%.

This came after the Company announced the interim financial results for the period ending on 30/09/2021 (Nine Months).

The operational profit amounted to SR38.8 million during the third quarter, compared to SR51.57 million during the same quarter of the previous year, down 24.7%.

As for the gross profit, it amounted to 49.3 million during the third quarter, compared to SR62 million during the same quarter of the previous year, a decrease of 20.5%.

The net profit after zakat and tax during the current period amounted to SR129.5 million, compared to SR120.48 million during the same period of the previous year, an increase of 7.49%.

Profits per share during the current period amounted to SR0.76 riyals, compared to SR0.71 during the same period of the previous year.