Riyadh – Mubasher: The net profits after Zakat and tax of Riyadh Cement Company amounted to SAR 189.83 million in 2022, down 11.18% year-on-year (YoY) from SAR 213.73 million.

Revenues declined by 10.89% to SAR 598 million as of 31 December 2022 from SAR 671.06 million in 2021, according to the income statements.

Meanwhile, the earnings per share (EPS) hit SAR 1.58 last year, versus SAR 1.78 in 2021.

Last December, the company’s board announced cash dividends worth SAR 90 million, equivalent to SAR 0.75 per share, for the second half (H2) of 2022.

In H1-22, Riyadh Cement recorded net profits after Zakat and tax worth SAR 85.06 million, an annual plunge of 46.96% from SAR 160.38 million.