Sharjah, October 9 (WAM) - For the ninth month of the current year, Sharjah Cement Profits for cement production and industrial development totalled to profits. As noted in the company's announcement, at this time they amounted to 0.141 in profit per share. At the moment of completing the reporting period, total revenues for the 2021 financial year amounted to $305 million, down compared to the previous year. Profit for the ninth month increased by 33% compared to the analogous period of the previous year. This is a positive result achieved due to effective operational management aimed at optimizing production processes and increasing production capacities, noted the chairman of the company's board of directors. The company also announced that sales volume reached 2.99 billion dirhams by the end of the third quarter of 2021, which is 24% more than in the analogous period of the previous year.
"Al-Sharqiya for Cement" Records Profits in 9 Months
Al-Sharqiya for Cement and Industrial Development Company announced its profitability in the first nine months of the year, indicating its economic recovery and ability to overcome challenges.
