Najran Cement’s profits declined by 50% to 14 million riyals ‎during Q3‎

Net profit after zakat and tax in the 9-month period amounted to 50 million riyals, compared to 64 million riyals in the same period last year, a decrease of 22%.

Earnings per share in the current period amounted to 0.3 riyals, compared to 0.38 riyals in the same period last year.

The reason for the decrease in net profit during the current quarter compared to the same quarter of the previous year is due to a decrease in sales and an increase in financing expenses.‎

The reason for the increase in net profit during the current quarter compared to the previous quarter is due to the increase in the amount of sales and the decrease in the cost of sales per ton.

The reason for the decrease in net profit during the current period compared to the similar period of the previous year is due to the high cost of financing and the decrease in the amount of sales.