Yanbu Cement Co.’s net profit after Zakat and tax rose 9% to SAR 281 million in the fiscal year 2020, compared to a profit of SAR 257.8 million last year, driven by a decrease in general, administrative and finance expenses, along with a growth in other revenues.
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Revenues | 975.74 | 939.99 | (3.7 %) |
| Gross Income | 334.80 | 341.78 | 2.1 % |
| Operating Income | 281.09 | 300.64 | 7.0 % |
| Net Income | 257.82 | 281.02 | 9.0 % |
| Average Shares | 157.50 | 157.50 | - |
| EPS (Riyals) | 1.64 | 1.78 | 9.0 % |
The net profit in Q4 2020 declined 15% year-on-year (YoY) to SAR 70.9 million.
| Item | Q4 2019 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 278.39 | 265.30 | (4.7 %) |
| Gross Income | 103.49 | 84.95 | (17.9 %) |
| Operating Income | 93.76 | 76.04 | (18.9 %) |
| Net Income | 82.93 | 70.91 | (14.5 %) |
| Average Shares | 157.50 | 157.50 | - |
| EPS (Riyals) | 0.53 | 0.45 | (14.5 %) |
| Item | Q3 2020 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 240.36 | 265.30 | 10.4 % |
| Gross Income | 89.65 | 84.95 | (5.2 %) |
| Operating Income | 83.22 | 76.04 | (8.6 %) |
| Net Income | 81.44 | 70.91 | (12.9 %) |
| Average Shares | 157.50 | 157.50 | - |
| EPS (Riyals) | 0.52 | 0.45 | (12.9 %) |
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