Eastern Cement’s profits increased to 69 million riyals in the second quarter

The profits of the Eastern Province Cement Company “Eastern Cement” in the second quarter of 2026 increased by 9.5% to 69 million riyals, compared to 63 million riyals in the same quarter of last year.
According to the company’s statement on the Saudi Tadawul website, the reason for the increase in net profit is due to: an increase in total profit as a result of an increase in revenues.
The reasons included: an increase in other income, and realizing profits from revaluing investments at fair value through profit or loss.
The reason for the decrease in net profit on a quarterly basis is: a decrease in gross profit as a result of a decrease in revenues.
The reasons included: an increase in general and administrative expenses, and a decrease in dividend income and Murabaha income.
The reasons included: a decrease in profits from revaluation of investments at fair value through profit or loss, and recording an allowance for expected credit losses during the current quarter.
The reason for the increase in net profit during the first six months is mainly due to: an increase in gross profit as a result of an increase in revenues.
The reasons included: higher share of results of associates, lower other expenses, and higher gains on revaluation of investments at fair value through profit or loss.