Saudi Cement Co. posted a net profit after Zakat and tax of SAR 147.6 million for the first quarter of 2020, a jump of 12% year-on-year (YoY) compared to a profit of SAR 132.4 million in the same period last year.
The increase in profit was driven by higher sales, despite higher general and administrative (G&A) expenses, higher sales and distribution costs, lower share of profits from associates and higher Zakat provision.
| Item | Q1 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 390.36 | 450.36 | 15.4 % |
| Gross Income | 181.04 | 202.77 | 12.0 % |
| Operating Income | 141.00 | 157.77 | 11.9 % |
| Net Income | 132.44 | 148.51 | 12.1 % |
| Average Shares | 153.00 | 153.00 | - |
| EPS (Riyals) | 0.87 | 0.97 | 12.1 % |
| Item | Q4 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 402.54 | 450.36 | 11.9 % |
| Gross Income | 196.64 | 202.77 | 3.1 % |
| Operating Income | 157.45 | 157.77 | 0.2 % |
| Net Income | 143.60 | 148.51 | 3.4 % |
| Average Shares | 153.00 | 153.00 | - |
| EPS (Riyals) | 0.94 | 0.97 | 3.4 % |
On a sequential basis, net profit rose by 2.7% driven by higher sales and lower Zakat provision. This was despite higher G&A expenses, higher sales and distribution costs, and lower share of profits from associates.
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}}