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Riyadh Cement’s H1-21 profits surge 32%

Riyadh Cement’s H1-21 profits surge 32%
Earnings per share rose to SAR 1.34 in H1-21
RIYADH CEMENT
3092
-3.72% 28.50 -1.10

Riyadh – Mubasher: Riyadh Cement Company recorded a 32% annual increase in net profits after Zakat and tax to SAR 160.38 million during the first half (H1) of 2021 from SAR 121.32 million in H1-20.

Earnings per share rose to SAR 1.34 in H1-21 from SAR 1.01 in H1-20, according to the financial results on Tuesday.

Revenues grew by 34% to SAR 401.43 million in the first six months of 2021, compared to SAR 298.87 million in the January-June 2020 period.

Riyadh Cement is listed and trading on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul).