The Clap
Yamama Cement (3020), one of the largest cement producers in KSA, saw its profits jump to SAR 101.3 million in Q3 2022.
The Deets
The company’s net profit increased by 153.5% YoY in Q3 2022.
Performance
Yamama Cement’s profits jumped to SAR 221.7 million by the end of the first nine months of 2022, a YoY increase compared to SAR 172.5 million in 2021.
Profits
The company attributed the large increase in profits to the increase in sales and other revenues.
Related News
The company finished building a new factory in the northern Halal area in the Al-Kharj governorate in Riyadh, for a total of approximately SAR 4.7 million.
