Mubasher TV
Contact Us Advertising   العربية

Yamama Cement turns profitable in 9M

Yamama Cement turns profitable in 9M
Yamama Cement achieved SAR SAR 45.7 million in profits in Q3-19
YSCC
3020
3.79% 30.10 1.10

Riyadh – Mubasher: Yamama Cement Company reported its interim financial results for the third quarter of 2019.

The company turned profitable achieving profits worth SAR 45.7 million in Q3-19, against losses of SAR 46.3 million in Q3-18, according to a filing to the Saudi Stock Exchange (Tadawul) on Tuesday.

Revenues of the Saudi-based company hiked by 73.14% year-on-year to SAR 186.5 million during the three-month period between July and September.

For the first nine months of 2019, net profits of Yamama Cement reached SAR 178.5 million, compared to losses worth SAR 58.7 million in the same period of the prior year.

The company generated SAR 565.7 million in revenues by the end of September, up 56.77% from SAR 360.8 million in the corresponding period the year before.

Profit per share stood at SAR 0.88 in nine months, versus a loss per share of SAR 0.29 in the same period a year ago.