Riyadh – Mubasher: Northern Region Cement Company generated net profits after Zakat and tax worth SAR 75.72 million in the first nine months (9M) of 2022, up 6.27% from SAR 71.26 million in 9M-21.
The firm registered revenues worth SAR 432.94 million in the January-September 2022 period, down 0.54% year-on-year (YoY) from SAR 435.29 million, according to the interim income statements.
Meanwhile, the earnings per share (EPS) soared to SAR 0.42 in 9M-22 from SAR 0.39 in 9M-21.
During the third quarter (Q3) of 2022, the net profits after Zakat and tax of Northern Region Cement amounted to SAR 27.63 million, higher by 50.53% than SAR 18.35 million in the year-ago period.
The revenues enlarged by 29.79% YoY to SAR 166.25 million in Q3-22 from SAR 128.10 million.
On a quarterly basis, the Q3-22 net profits after Zakat and tax increased by 11.68% from SAR 24.74 million in Q2-22, while the revenues jumped by 24.61% from SAR 133.42 million.
In the first half (H1) of 2022, Northern Region Cement witnessed an annual decrease of 9.09% in net profit after Zakat and tax to SAR 48.09 million, compared to SAR 52.90 million.
Last October, the Saudi company disbursed cash dividends worth SAR 45 million, equivalent to SAR 0.25 per share, for H1-22.
