Riyadh – Mubasher: Southern Province Cement Company has achieved net profits after Zakat and tax worth SAR 450 million in 2021, down 26.10% from SAR 609 million in 2020.

The company’s revenues declined by 18.99% year-on-year (YoY), reaching SAR 1.33 billion from SAR 1.65 billion in 2020, according to the financial results on Wednesday.

Moreover, the earnings per share (EPS) decreased to SAR 3.22 last year from SAR 4.35 in 2020.

In the third quarter (Q3) of 2021, the company recorded SAR 83 million in net profits after Zakat and tax, an annual plunge of 44.60% from SAR 150 million.