The profits of “Al-Watania Construction” jumped to 25.1 million riyals in the first half of the year

The National Building and Marketing Company’s net profit, after tax and zakat, increased by 223.5% in the first half of 2021, reaching 25.09 million riyals, compared to 7.76 million riyals in the first half. of 2020.

The company said in a statement to “Saudi Tadawul”, today, Sunday, that the reason for the increase in revenues in All operating sectors in the consolidated price lists (commercial and industrial) is the improvement in the economic movement of the construction materials sector, which positively influenced the results of business of society.

He added that the sales of the metalworking sector increased due to the increase in quantities sold on the market and the increase in average selling prices, as well as the profit margin increased to 12% over the same period of 9.60%, which has positively influenced the net profit.

The company indicated a 39.40% decrease in financing costs compared to the same period.

The National Building and Marketing has indicated that the current financial statements include the consolidated results for the first time of the National Building and Marketing Company with our subsidiary Agige Steel Manufacturing Company, which is wholly owned.

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