Financial Results : Riyadh Cement’s net profit up 32% to SAR 160.4 mln in H1 2021

Riyadh Cement’s net profit up 32% to SAR 160.4 mln in H1 2021

07/09/2021 Argaam Exclusive

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Riyadh Cement Co. reported a net profit after Zakat and tax of SAR 160.4 million in H1 2021, rising 32%, from SAR 121.3 million in the prior-year period.



Financials (M)

Item 6m 2020 6m 2021 Change‬
Revenues 298.88 401.44 34.3 %
Gross Income 135.05 184.82 36.9 %
Operating Income 124.78 173.09 38.7 %
Net Income 121.33 160.39 32.2 %
Average Shares 120.00 120.00 -
EPS (Riyals) 1.01 1.34 32.2 %

The profit increase was mainly driven by higher gross sales year-on-year (YoY), despite increased Zakat expenses.



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