Arabian Cement posts 12% rise in profits in 2022

By ICR Newsroom

28 February 2023

Saudi-Arabia-based Arabian Cement has reported net profits after zakat and tax of SAR181m (US$48.3m) in 2022, representing a YoY increase of 12.1 per cent from SAR161.5m.

The company saw a six per cent decline in revenues to SAR970.9m in 2022, up from SAR1.03bn in 2021.

Earnings per share grew to SAR1.81 from SAR1.62 in 2021.

Published under Cement News

Tagged Under: Saudi Arabia Middle East Arabian Cement business results