Riyadh – Mubasher: Yanbu Cement Company logged net profits after Zakat and tax worth SAR 38.93 million in the first quarter (Q1) of 2022, down 46.95% from SAR 73.39 million in Q1-21.
Revenues settled at SAR 241.63 million during the first three months (3M) of 2022, an annual plunge of 17.36% from SAR 292.40 million, according to a bourse disclosure on Monday.
Moreover, the earnings per share e (EPS) declined to SAR 0.25 in January-March 2022 period from SAR 0.46 in Q1-21.
On a quarterly basis, the revenues in Q1-22 were 26.40% higher than SAR 191.16 million in Q4-21, while the net profits leaped by 283.54% from SAR 10.15 million.
Last year, Yanbu Cement achieved a net profit after Zakat and tax worth SAR 159.56 million, a drop of 43.22% from SAR 281.02 million in 2020.
