Riyadh – Mubasher: Umm Al Qura Cement Company has logged net profits after Zakat and tax worth SAR 78.01 million in 2021, down 33.70% from SAR 117.67 million in 2020.

The company witnessed a year-on-year (YoY) drop of 16.34% in revenues to SAR 278.83 million from SAR 333.33 million in 2020, according to the financial results on Thursday.

The earnings per share (EPS) plunged to SAR 1.42 last year from SAR 2.14 in 2020.

In a separate bourse filing, the company’s board has recommended a cash dividend of SAR 0.25 per share for the second half (H2) of 2021.

Umm Al Qura Cement will pay out an amount of SAR 13.75 million, representing 2.50% of the capital, for 55 million eligible shares.

The company will announce the eligibility and distribution dates later.

During the third quarter (Q3) of 2021, the Saudi listed firm recorded net profits after Zakat and tax worth SAR 12.47 million, a plunge of 60.90% from SAR 31.91 million during the corresponding period a year earlier.