First-half earnings per share came in at SAR0.42, compared with a loss per share of SAR0.07 a year earlier, it said in a statement posted on the Saudi bourse website.
The company, which started trading on the kingdom’s bourse in August last year, said its second-quarter operating profit stood at SAR28.6m, compared with SAR448,000 a year earlier.
Last week, Jouf Cement said the Ministry of Commerce and Industry didn’t renew its export license.
The company didn’t give a reason for the ministry’s move, but said it will increase its cement prices, which will have a positive impact on the firm’s financial earnings and will offset the loss from the export ban.
