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Al Jouf Cement posts SAR 1.5m profit in Q1

Al Jouf Cement posts SAR 1.5m profit in Q1
Net profits after zakat and tax reached SAR 1.5 million in Q1-19
JOUF CEMENT
3091
0.50% 8.08 0.04

Riyadh – Mubasher: Al Jouf Cement Company reported a 63.4% year-on-year fall in its profits for the first quarter of 2019.

Net profits after zakat and tax reached SAR 1.5 million in Q1-19, compared to SAR 4.1 million in Q1-18, according to the firm’s recent statement to Saudi Stock Exchange (Tadawul).

Meanwhile, total revenues of the Saudi-based company increased by 14% to SAR 56.8 million during the three-month period ended last March, from SAR 49.7 million in the same period of the prior year.

Earnings per share (EPS) amounted to SAR 0.01 over the first three months of 2019, versus SAR 0.03 in the same period a year earlier.  

In 2018, Al Jouf Cement reported a net loss of SAR 39.5 million.