Riyadh – Mubasher: Najran Cement Company reported net profits after Zakat and tax worth SAR 93.45 million in the first half (H1) of 2021, up 27.8% from SAR 73.07 million in H1-20.

Earnings per share amounted to SAR 0.55 in H1-21, compared to SAR 0.43 in H1-20, according to the financial results on Wednesday.

Sales increased by 13.7% to SAR 316 million in H1-21 from SAR 277.83 million in H1-20.

In the second quarter (Q2) of 2021, the cement company posted a marginal decline of 0.75% in net profits to SAR 32.71 million from SAR 32.96 million in Q2-20. The revenues meanwhile grew 8% to SAR 131.57 million from SAR 121.45 million.

On a quarterly basis, the net profits in Q2-21 plunged by 46% from SAR 60.74 million in Q1-21 and the sales shrank by 28.6% from SAR 184.43 million.