Riyadh – Mubasher: Umm Al Qura Cement Company registered net profits after Zakat and tax worth SAR 49.45 million in the first half (H1) of 2021, lower by 16.8% than SAR 59.48 million in H1-20.
Earnings per share stood at SAR 0.9 in H1-21, compared to SAR 1.08 in H1-20, according to the financial results on Sunday.
Sales decreased by 2.9% to SAR 154.3 million in the January-June 2021 period from SAR 159.01 million in the same period last year.
During the second quarter (Q2) of 2021, the cement firm posted a 12% decline in net profits to SAR 18.41 million from SAR 20.97 million in Q2-20.
Sales meanwhile increased by 2% to SAR 63.89 million in Q2-21 from SAR 62.56 million in Q2-20.
Quarter-on-quarter, Umm Al Qura Cement’s net profits in Q2-21 shrank 40.6% from SAR 31.03 million in Q1-21. The sales also decreased by 29% from SAR 90.4 million.
In a separate disclosure, the company said it would distribute a cash dividend of SAR 0.5, representing 5% of the share’s par value, for H1-21.
The total value of the dividends will stand at SAR 27.5 million for 55 million shares eligible for distribution.
Umm Al Qura Cement will pay the dividends on 29 August for the shareholders of record date on 15 August.
