Yamama Cement Co. reported a net profit of SAR 112.4 million in Q1 2023, a more than three-fold increase, compared to SAR 29.6 million a year earlier.
| Item | Q1 2022 | Q1 2023 | Change |
|---|---|---|---|
| Revenues | 221.58 | 279.86 | 26.3 % |
| Gross Income | 40.74 | 133.84 | 228.6 % |
| Operating Income | 23.31 | 117.09 | 402.3 % |
| Net Income | 29.62 | 112.40 | 279.5 % |
| Average Shares | 202.50 | 202.50 | - |
| EPS (Riyals) | 0.15 | 0.56 | 279.5 % |
| Item | Q4 2022 | Q1 2023 | Change |
|---|---|---|---|
| Revenues | 334.43 | 279.86 | (16.3 %) |
| Gross Income | 161.06 | 133.84 | (16.9 %) |
| Operating Income | 131.09 | 117.09 | (10.7 %) |
| Net Income | 134.15 | 112.40 | (16.2 %) |
| Average Shares | 202.50 | 202.50 | - |
| EPS (Riyals) | 0.66 | 0.56 | (16.2 %) |
The profit surge was spurred by higher sales value and lower Zakat for the current quarter compared to the same quarter of the previous year.
Compared to Q4 2022, net earnings dropped 16.2% from SAR 134.15 million on a decline in other revenues.
Shareholders’ equity, no minority interest, stood at SAR 4.56 billion by March 31, 2023, compared to SAR 4.31 billion in a year-earlier period.
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}}