Saudi White Cement Co. reported a net profit after Zakat and tax of SAR 121.3 million in the first half of 2020, compared to SAR 72.1 million in the same period last year.
| Item | 6m 2019 | 6m 2020 | Change |
|---|---|---|---|
| Revenues | 266.90 | 298.88 | 12.0 % |
| Gross Income | 88.58 | 135.05 | 52.5 % |
| Operating Income | 76.88 | 124.78 | 62.3 % |
| Net Income | 72.13 | 121.33 | 68.2 % |
| Average Shares | 120.00 | 120.00 | - |
| EPS (Riyals) | 0.60 | 1.01 | 68.2 % |
The company attributed the increase to higher revenue, lower financing costs and decline in general and administrative expenses despite an increase in Zakat provision.
| Item | Q2 2019 | Q2 2020 | Change |
|---|---|---|---|
| Revenues | 125.08 | 101.97 | (18.5 %) |
| Gross Income | 44.45 | 42.58 | (4.2 %) |
| Operating Income | 37.72 | 37.32 | (1.1 %) |
| Net Income | 35.76 | 35.16 | (1.7 %) |
| Average Shares | 120.00 | 120.00 | - |
| EPS (Riyals) | 0.30 | 0.29 | (1.7 %) |
| Item | Q1 2020 | Q2 2020 | Change |
|---|---|---|---|
| Revenues | 196.91 | 101.97 | (48.2 %) |
| Gross Income | 92.47 | 42.58 | (54.0 %) |
| Operating Income | 87.47 | 37.32 | (57.3 %) |
| Net Income | 86.17 | 35.16 | (59.2 %) |
| Average Shares | 120.00 | 120.00 | - |
| EPS (Riyals) | 0.72 | 0.29 | (59.2 %) |
Total shareholders' equity after deducting minority equity fell 1.83% year-on-year (YoY) to SAR 1.71 billion in H1 2020.
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}}