Société Libanaise Des Ciments Blancs S.A.L. published its audited financial statements this week, conveying a five-fold increase in net after-tax profit to $7.82 million in 2021, compared to $1.27 million a year earlier. In details, the company’s net sales rose by 240.04% to $27.99 million, with cost of goods sold also expanding by 143.46% to $14.71 million, leading to a sizeable increase in gross profit to $13.29 million and in gross profit margin to 47.47% in 2021, from 26.63% a year before. In parallel, the company encountered an increase in its selling, general, and administrative expenses by 270.53% to $3.80 million. The company’s net profit margin also improved to 27.94%, compared to 15.48% in 2020. On the balance sheet front, Société Libanaise Des Ciments Blancs’ total assets expanded by 79.78% in the year 2021 to $44.64 million, up from $24.83 million at end of 2020, buoyed mainly by an increase in stock to $12.69 million. Similarly, total liabilities rose by 344.69% to $16.54 million as a result of the sharp expansion in accounts payable & other liabilities to $9.02 million. The company’s shareholders equity widened by 33.10% in the year 2021 to $28.10 million as a result of the carried forward profits. On the profitability front, the company’s return on assets (ROA) and return on equity (ROE) ended the year 2021 higher at 17.52% and 27.84% respectively.