The profits of "Jouf Cement" company increased to 22.5 million riyals by the end of the first half of 2020, compared to the profits of 1.6 million riyals achieved during the same period of 2019. Summary of financial results (million) Clause 6 months 2019 6 months 2020 change Revenue 103.05 115.30 11.9% Total income 13.55 39.38 190.7% Operating income 2.27 26.72 1078.8% Net income 1.61 22.46 1296.7% Average number of shares 143.00 143.00 - Earnings per share (SAR) 0.01 0.16 1296.7% The company said that the reason for the increase in profits during the current period compared to the same period of the previous year is due to: High sales value. - Reduced cost of sales per ton as a result of increased production. This came despite a drop in other revenues. Quarterly comparison (million) The previous similar Item Second Quarter 2019 Second Quarter 2020 Change Revenue 46.20 56.49 22.3% Total income 6.73 15.75 134.3% Operating income 1.18 9.23 682.3% Net income 0.11 7.25 6256.1% Average number of shares 143.00 143.00 - Earnings per share (SAR) 0.00 0.05 6256.1% The company also attributed the reason for the increase in profits during the current quarter compared with the same quarter of the previous year to: High sales value. - Reduced cost of sales per ton as a result of increased production. The company attributed the reason for the decrease in profits during the current quarter compared with the previous quarter to: Decline in sales value. - The high cost of sales per ton as a result of lower production compared to the previous quarter. additional information: - The company also said that shareholders' equity (there are no minority rights) at the end of the period amounted to 1560.20 million riyals, compared to 1534.59 million riyals as at the end of the same period of the previous year, an increase of 1.7%.