Qassim Cement Co. reported a net profit after Zakat and tax of SAR 306.8 million for the first nine months of 2020, a 42% year-on-year (YoY) increase, compared to SAR 216.6 million in the same period last year.
| Item | 9m 2019 | 9m 2020 | Change |
|---|---|---|---|
| Revenues | 498.10 | 660.76 | 32.7 % |
| Gross Income | 236.76 | 364.38 | 53.9 % |
| Operating Income | 213.74 | 323.12 | 51.2 % |
| Net Income | 216.64 | 306.75 | 41.6 % |
| Average Shares | 90.00 | 90.00 | - |
| EPS (Riyals) | 2.41 | 3.41 | 41.6 % |
The company attributed the increase in net profit to higher sales, driven by an increase in sales volume and the improvement in average selling prices, in addition to higher net other income.
| Item | Q3 2019 | Q3 2020 | Change |
|---|---|---|---|
| Revenues | 190.18 | 231.58 | 21.8 % |
| Gross Income | 96.33 | 120.65 | 25.3 % |
| Operating Income | 88.15 | 111.55 | 26.5 % |
| Net Income | 90.17 | 110.11 | 22.1 % |
| Average Shares | 90.00 | 90.00 | - |
| EPS (Riyals) | 1.00 | 1.22 | 22.1 % |
| Item | Q2 2020 | Q3 2020 | Change |
|---|---|---|---|
| Revenues | 167.44 | 231.58 | 38.3 % |
| Gross Income | 90.89 | 120.65 | 32.7 % |
| Operating Income | 82.36 | 111.55 | 35.4 % |
| Net Income | 85.47 | 110.11 | 28.8 % |
| Average Shares | 90.00 | 90.00 | - |
| EPS (Riyals) | 0.95 | 1.22 | 28.8 % |
The cement producer reported a net profit of SAR 110.1 million for Q3 2020, a 22% YoY increase, on higher sales and financial investments return.
When compared to previous quarter, Q3 net profit grew 28.8% on higher sales.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}