Yamama Cement profits jump 154% during Q3 to SR101.3 mln

Yamama Cement Company revealed that the net profit after zakat and tax in the third quarter increased to SR101.3 million, compared to SR39.9 million in the same quarter of last year, at a rate of 154%. ).
The operational profit amounted to SR96.5 million in the third quarter, compared to SR40.1 million in the same quarter of the previous year, a growth of 140.4%.
The net profit after zakat and tax in the 9-month period amounted to SR221.6 million, compared to SR172.5 million in the same period last year, an increase of 28.4%.
The gross shareholders’ equity “without minority rights” amounted to SR4.5 billion in the current period, compared to SR4.2 billion in the same period last year, an increase of 4.7%.
Profits per share in the current period reached SR1.09, compared to SR0.85 in the same period last year.
• Increase in the amount of sales for the current quarter compared to the same quarter of the previous year.
• Increase in other revenues for the current quarter compared to the same quarter of the previous year.
The main reason for the increase in net profit for the current quarter compared to the previous quarter is due to:
• Increase in the amount of sales for the current quarter compared to the previous quarter.
• Decreased zakat provision for the current quarter compared to the previous quarter.
The main reason for the increase in net profit for the current period compared to the same period of the previous year is due to:
• Increase in the amount of sales for the current period compared to the same period of the previous year.
• Increase in other revenues for the current period compared to the same period of the previous year.