Riyadh – Mubasher: Al Jouf Cement Company has turned to profit during the third quarter of 2019, compared to the comparative period in 2018.
The Tadawul-listed company recorded a net profit after zakat and tax of SAR 1.1 million, according to a bourse statement released on Thursday.
Quarter-on-quarter, Al Jouf’s profit skyrocketed 1000% in Q3-19, from SAR 100,000 in the previous quarter.
The company turned to profitability in the first nine months of 2019, registering a net profit after zakat and tax of SAR 2.7 million.
Is worth noting that Al Jouf recorded a net profit of SAR 100,000 in Q2-19.
