Riyadh – Mubasher: Yanbu Cement Company registered SAR 215.41 million in net profit after Zakat and tax in 2022, an annual growth of 35% from SAR 159.56 million.

The revenues hit SAR 981.17 million during the 12-month period that ended on 31 December 2022, a 5.05% rise from SAR 934.03 million a year earlier, according to the consolidated financial results.

Additionally, the earnings per share (EPS) increased to SAR 1.37 last year from SAR 1.01 in 2021.

Last December, Yanbu Cement paid out SAR 118.12 million as cash dividends for the second half (H2) of 2022.

In the first nine months (9M) of 2022, the Saudi firm logged net profits after Zakat and tax worth SAR 156.24 million, higher by 4.38% year-on-year (YoY) than SAR 149.69 million.