Riyadh – Mubasher: The net profits after Zakat and tax of Qassim Cement Company slipped by 29.6% to SAR 295.26 million in 2021, compared to SAR 419.83 million a year earlier.
The company's revenues stood at SAR 722.79 million in 2021, down 19.5% from SAR 898.42 million in 2020, according to a bourse filing on Wednesday.
The earnings per share amounted to SAR 3.28 last year, against SAR 4.66 in 2020.
It is noteworthy to mention that in the first nine months (9M) of 2021, the company's net profits after Zakat and tax declined by 14.7% to SAR 261.43 million from SAR 306.74 million in the prior-year period.
Qassim Cement’s board has recently recommended a cash dividend of SAR 0.6 per share for the fourth quarter (Q4) of 2021.
