Financial Results : Riyadh Cement’s net profit falls 47% to SAR 85.1 mln in H1 2022

Riyadh Cement’s net profit falls 47% to SAR 85.1 mln in H1 2022

05/09/2022 Argaam Exclusive

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Riyadh Cement Co.’s net profit dropped 47% to SAR 85.1 million in the first half of 2022, from SAR 160.4 million in the same period last year, due to a decrease in sales.



Financials (M)

Item 6m 2021 6m 2022 Change‬
Revenues 401.44 258.61 (35.6 %)
Gross Income 184.82 103.31 (44.1 %)
Operating Income 173.09 88.09 (49.1 %)
Net Income 160.39 82.68 (48.5 %)
Average Shares 120.00 120.00 -
EPS (Riyals) 1.34 0.69 (48.5 %)


Shareholders’ equity, after minority interest, stood at SAR 1.666 billion as of June 30, 2022, compared to SAR 1.737 billion a year earlier.

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