According to comprehensive reports from foreign media, recently Saudi Cement, the second largest cement producer in Saudi Arabia, announced that the company’s second-quarter net profit was 213.7 million riyals ($57 million), compared with net profit of the same period last year. It was SR 19.06 billion, up 12.1% year-on-year.
It is understood that in the first quarter of this year, the company’s net profit was 218.08 million riyals, compared with the first quarter, the net profit in the second quarter rose by 1.4%; in the first half of this year, the company’s net profit reached 424.6 million rials. In the same period of last year, it was 367.2 million riyals, up 15.6% year-on-year.
In addition, the reporter also learned that this year, Saudi Cement Corporation's gross profit for the second quarter was 244,400,000 riyals, compared with 219,900,000 riyals for the same period of last year, a year-on-year increase of 10.7%.
It is understood that in the first quarter of this year, the company’s net profit was 218.08 million riyals, compared with the first quarter, the net profit in the second quarter rose by 1.4%; in the first half of this year, the company’s net profit reached 424.6 million rials. In the same period of last year, it was 367.2 million riyals, up 15.6% year-on-year.
In addition, the reporter also learned that this year, Saudi Cement Corporation's gross profit for the second quarter was 244,400,000 riyals, compared with 219,900,000 riyals for the same period of last year, a year-on-year increase of 10.7%.
Jinbaocheng Steel Pipe Manufacturing Co., Ltd , http://www.lc-steelpipes.com