Arabian Cement Co. reported a rise of 49% in net profit after Zakat and tax to SAR 67 million for the first quarter of 2021, from SAR 45.1 million in the year-ago period.
The profit increase was driven by better sales volume and revenue in Arabian Cement and its Jordanian subsidiary, despite a decrease of average selling prices and higher marketing expenses, due to increased export volumes.
| Item | Q1 2020 | Q1 2021 | Change |
|---|---|---|---|
| Revenues | 204.60 | 321.50 | 57.1 % |
| Gross Income | 71.98 | 104.13 | 44.7 % |
| Operating Income | 56.98 | 78.34 | 37.5 % |
| Net Income | 45.11 | 66.96 | 48.4 % |
| Average Shares | 100.00 | 100.00 | - |
| EPS (Riyals) | 0.45 | 0.67 | 48.4 % |
| Item | Q4 2020 | Q1 2021 | Change |
|---|---|---|---|
| Revenues | 290.80 | 321.50 | 10.6 % |
| Gross Income | 96.95 | 104.13 | 7.4 % |
| Operating Income | 69.45 | 78.34 | 12.8 % |
| Net Income | 53.33 | 66.96 | 25.6 % |
| Average Shares | 100.00 | 100.00 | - |
| EPS (Riyals) | 0.53 | 0.67 | 25.6 % |
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