Yanbu Cement Co. reported a net profit after Zakat and tax of SAR 257.8 million for the fiscal year of 2019, a more-than-double increase from year-earlier period, the company said in a bourse statement.
The profit hike was driven by higher sales revenue and increased selling prices, despite higher general and administrative expenses (G&As) and Zakat expense.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 767.13 | 975.74 | 27.2 % |
| Gross Income | 142.86 | 334.80 | 134.4 % |
| Operating Income | 94.88 | 281.09 | 196.2 % |
| Net Income | 91.19 | 257.82 | 182.7 % |
| Average Shares | 157.50 | 157.50 | - |
| EPS (Riyals) | 0.58 | 1.64 | 182.7 % |
On a sequential basis, Q4 2019 net profit increased by 142% to SAR 83 million, from SAR 33 million in a year-earlier period.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 201.43 | 278.39 | 38.2 % |
| Gross Income | 57.34 | 103.49 | 80.5 % |
| Operating Income | 44.74 | 93.76 | 109.6 % |
| Net Income | 34.24 | 82.93 | 142.2 % |
| Average Shares | 157.50 | 157.50 | - |
| EPS (Riyals) | 0.22 | 0.53 | 142.2 % |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 227.97 | 278.39 | 22.1 % |
| Gross Income | 75.48 | 103.49 | 37.1 % |
| Operating Income | 65.71 | 93.76 | 42.7 % |
| Net Income | 61.94 | 82.93 | 33.9 % |
| Average Shares | 157.50 | 157.50 | - |
| EPS (Riyals) | 0.39 | 0.53 | 33.9 % |
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