Riyadh – Mubasher: Yamama Cement reported a 196.2% year-on-year surge in profits during the first quarter of 2019.
The company’s profits reached SAR 70.63 million in Q1-19 from SAR 23.84 million during Q1-18, according to a statement released on Monday to the Saudi Stock Exchange (Tadawul).
The Saudi cement producer attributed the large increase in Q1 earnings to a rise in sales.
Quarter-on-quarter, profits soared 916% when compared to SAR 6.95 million in Q4-19
