Qassim Cement Company Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 04:02 pm EST
Qassim Cement Company reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SAR 120.84 million compared to SAR 166.78 million a year ago. Net income was SAR 8.05 million compared to SAR 23.43 million a year ago. Basic earnings per share from continuing operations was SAR 0.09 compared to SAR 0.26 a year ago.
For the nine months, sales was SAR 432.1 million compared to SAR 461.4 million a year ago. Net income was SAR 101.08 million compared to SAR 77.47 million a year ago. Basic earnings per share from continuing operations was SAR 1.12 compared to SAR 0.86 a year ago.