Riyadh – Mubasher: Yamama Cement Company announced its interim financial statements for the second quarter of 2019.

The company turned profitable achieving SAR 53.17 million in Q2-19, against losses of SAR 36.25 million in Q2-18, according to a filing to the Saudi Stock Exchange (Tadawul) on Tuesday.

Total revenues increased by 47.6% to SAR 165.33 million in Q2-19, from SAR 111.9 million in the same period of the previous year.

For the first six months of 2019, Yamama’s net profits stood at SAR 123.8 million, versus losses of SAR 12.4 million in H1-18.

Revenues of the Saudi-based company hiked by 49.8% to SAR 379.2 million in H1-19, from SAR 253.14 million in H1-18.

Profit per share recorded SAR 0.61 during the six-month period ended in June, against loss per share of SAR 0.06 in the same period a year earlier.