Publisher: Maaal International Media Company
License: 465734
The net profit before zakat of Tabuk Cement Co. in the second quarter reached SR2.5 million, compared to losses of SR1.13 million in the same quarter of last year.
This came after the announcement on Thursday of the preliminary financial results for the period ending on 30.06.2022 (six months).
The operational profit amounted to SR 7 million in the second quarter, compared to SR 3 million in the same quarter of the last year, up 123%.
The gross profit in the second quarter amounted to SR13 million, compared to SR9 million in the same quarter of the last year, up 38%.
The net loss before zakat in the current period amounted to SR4.43 million, compared to profits of SR8.89 million in the same period last year.
Losses per share in the current period reached SR 0.05, compared to profit per share at SR0.1 in the same period last year.
The reason for the increase in net profit during the current quarter compared to the same quarter of the previous year is due to:
The reason for the increase in net profit for the current quarter compared to the previous quarter is due to:
The reason for the decrease in net profit for the current period compared to the similar period of the previous year is due to:
1.The increase in the cost of sales for the current period as a result of the increase in petrifaction fees for raw materials.
Additional Information: