‎“Yamama Cement” profits jumped 280% during Q1, to SR112.4 ‎mln

The net profit after zakat and tax of Yamama Cement Company jumped to 112.4 million riyals during the first quarter, compared to 30 million riyals in the same quarter of last year, by 280%. This came after today’s announcement of the preliminary financial results for the period ending on 03-31-2023. (3 months).

Operational profit amounted to 117 million riyals in the first quarter, compared to 23 million riyals in the same quarter of the previous year, an increase of 402%.

As for the total profit, it amounted to 137 million riyals in the first quarter, compared to 41 million riyals in the same quarter of the previous year, with a growth of 236%.

Earnings per share in the current period amounted to 0.56 riyals, compared to 0.15 riyals in the same period last year.

The main reason for the increase in net profit for the current quarter compared to the same quarter of the previous year is due to:

An increase in sales value for the current quarter compared to the same quarter of the previous year.

The decrease in zakat for the current quarter compared to the same quarter of the previous year.

The main reason for the decrease in net profit for the current quarter compared to the previous quarter is due to:

The decrease in the quantity and value of sales for the current quarter compared to the previous quarter.

The decrease in other revenues for the current quarter compared to the previous quarter.