Northern Cement posts net profit of SAR 56 mln in 9M

22/10/2019 Argaam Exclusive

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Share Price

Northern Region Cement Co.
9.70
0.08 0.83 %

Northern Region Cement Co. (NORTHERN CEMENT)

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Northern Region Cement Co. reported a net profit after zakat and tax of SAR 55.8 million in the first nine months of 2019, versus a net loss of SAR 238,519 in the same period last year, driven by higher sales volume of white and black cements.



Financials (M)

Item 9m 2018 9m 2019 Change‬
Revenues 339.47 463.25 36.5 %
Gross Income 101.69 161.33 58.7 %
Operating Income 32.25 92.18 185.8 %
Net Income (0.18) 55.47 31088.8 %
Average Shares 180.00 180.00 -
EPS (Riyals) 0.00 0.31 31088.8 %

The cement producer reported net profit of SAR 26.2 million in Q3 2019, an increase of 426 percent, on the back of higher selling prices, and increased sales of white cement.

 

When compared to the previous quarter, Northern Cement’s net profit rose 86.5 percent.



Current Quarter Comparison (M)

Compared With The
Item Q3 2018 Q3 2019 Change‬
Revenues 99.09 194.69 96.5 %
Gross Income 39.45 61.09 54.8 %
Operating Income 17.72 37.85 113.5 %
Net Income 5.00 26.08 422.1 %
Average Shares 180.00 180.00 -
EPS (Riyals) 0.03 0.14 422.1 %


Financial results (Million)

Period Revenues Change Gross Income Change Net Income Change EPS(Riyal)
Q1 2010 - - - - - - -
Q2 2010 - - - - - - -
Q3 2010 - - - - - - -
Q4 2010 - - - - - - -
Q1 2011 - - - - - - -
Q2 2011 - - - - - - -
Q3 2011 - - - - - - -
Q4 2011 - - - - - - -
Q1 2012 152.74 - 50.70 - 39.47 - 0.22
Q2 2012 154.83 - 39.20 - 28.73 - 0.16
Q3 2012 118.55 - 16.67 - 7.28 - 0.04
Q4 2012 112.52 - 30.75 - 17.94 - 0.10
Q1 2013 181.77 19.0 % 56.90 12.2 % 42.79 8.4 % 0.24
Q2 2013 255.94 65.3 % 97.75 149.3 % 90.20 213.9 % 0.50
Q3 2013 167.45 41.3 % 59.46 256.6 % 50.04 587.1 % 0.28
Q4 2013 247.28 119.8 % 140.41 356.6 % 51.58 187.6 % 0.29
Q1 2014 308.53 69.7 % 116.34 104.5 % 60.76 42.0 % 0.34
Q2 2014 229.75 (10.2 %) 88.24 (9.7 %) 62.09 (31.2 %) 0.34
Q3 2014 203.39 21.5 % 78.10 31.4 % 51.35 2.6 % 0.29
Q4 2014 257.47 4.1 % 110.72 (21.1 %) 25.81 (50.0 %) 0.14
Q1 2015 253.13 (18.0 %) 100.51 (13.6 %) 50.63 (16.7 %) 0.28
Q2 2015 324.34 41.2 % 133.49 51.3 % 64.03 3.1 % 0.36
Q3 2015 274.92 35.2 % 107.83 38.1 % 52.64 2.5 % 0.29
Q4 2015 277.41 7.7 % 89.57 (19.1 %) 39.62 53.5 % 0.22
Q1 2016 231.14 (8.7 %) 76.07 (24.3 %) 42.91 (15.3 %) 0.24
Q2 2016 251.67 (22.4 %) 95.05 (28.8 %) 48.66 (24.0 %) 0.27
Q3 2016 141.39 (48.6 %) 52.91 (50.9 %) 30.09 (42.8 %) 0.17
Q4 2016 126.62 (54.4 %) 98.31 9.8 % 30.60 (22.8 %) 0.17
Q1 2017 124.14 (46.3 %) 45.50 (40.2 %) 16.33 (62.0 %) 0.09
Q2 2017 110.31 (56.2 %) 34.54 (63.7 %) 8.26 (83.0 %) 0.05
Q3 2017 104.85 (25.8 %) 46.66 (11.8 %) 12.51 (58.4 %) 0.07
Q4 2017 123.37 (2.6 %) 46.77 (52.4 %) 15.27 (50.1 %) 0.08
Q1 2018 113.14 (8.9 %) 23.92 (47.4 %) 1.45 (91.1 %) 0.01
Q2 2018 119.63 8.4 % 30.70 (11.1 %) (6.62) (180.1 %) (0.04)
Q3 2018 99.09 (5.5 %) 39.45 (15.4 %) 5.00 (60.1 %) 0.03
Q4 2018 53.08 (57.0 %) 45.91 (1.8 %) 13.03 (14.7 %) 0.07
Q1 2019 124.32 9.9 % 51.12 113.7 % 15.42 966.3 % 0.09
Q2 2019 144.25 20.6 % 49.12 60.0 % 13.97 311.0 % 0.08
Q3 2019 194.69 96.5 % 61.09 54.8 % 26.08 422.1 % 0.14

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2010 - - -
Q2 2010 - - -
Q3 2010 - - -
Q4 2010 - - -
Q1 2011 - - -
Q2 2011 - - -
Q3 2011 - - -
Q4 2011 - - -
Q1 2012 - - -
Q2 2012 - - -
Q3 2012 - - -
Q4 2012 25.50 % 32.44 % 17.34 %
Q1 2013 25.28 % 31.98 % 17.04 %
Q2 2013 30.21 % 36.51 % 23.66 %
Q3 2013 34.12 % 41.22 % 28.00 %
Q4 2013 41.59 % 39.64 % 27.52 %
Q1 2014 42.27 % 37.12 % 25.80 %
Q2 2014 42.44 % 36.65 % 23.55 %
Q3 2014 42.78 % 36.24 % 22.83 %
Q4 2014 39.37 % 37.45 % 23.02 %
Q1 2015 40.01 % 39.04 % 23.30 %
Q2 2015 40.72 % 36.61 % 22.04 %
Q3 2015 40.77 % 35.37 % 20.73 %
Q4 2015 38.18 % 32.38 % 18.99 %
Q1 2016 36.73 % 31.96 % 18.67 %
Q2 2016 35.60 % 31.16 % 17.82 %
Q3 2016 34.78 % 33.94 % 17.96 %
Q4 2016 42.93 % 37.47 % 19.83 %
Q1 2017 45.32 % 39.39 % 18.99 %
Q2 2017 46.02 % 43.10 % 16.30 %
Q3 2017 48.29 % 33.57 % 13.80 %
Q4 2017 37.49 % 36.23 % 11.32 %
Q1 2018 33.63 % 32.16 % 7.03 %
Q2 2018 32.12 % 28.22 % 3.66 %
Q3 2018 30.94 % 30.79 % 2.05 %
Q4 2018 36.36 % 31.27 % 1.84 %
Q1 2019 42.20 % 35.40 % 6.77 %
Q2 2019 44.11 % 38.83 % 11.27 %
Q3 2019 40.14 % 36.52 % 13.27 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2010 - - - -
Q2 2010 - - - -
Q3 2010 - - - -
Q4 2010 - - - -
Q1 2011 - - - -
Q2 2011 - - - -
Q3 2011 - - - -
Q4 2011 - - - -
Q1 2012 180.00 - - 7.86
Q2 2012 180.00 - - 7.90
Q3 2012 180.00 - - 7.78
Q4 2012 180.00 0.52 0.52 7.88
Q1 2013 180.00 0.54 0.54 12.96
Q2 2013 180.00 0.88 0.88 12.76
Q3 2013 180.00 1.12 1.12 12.04
Q4 2013 180.00 1.30 1.30 12.28
Q1 2014 180.00 1.40 1.40 11.62
Q2 2014 180.00 1.25 1.25 11.96
Q3 2014 180.00 1.25 1.25 11.25
Q4 2014 180.00 1.11 1.28 11.39
Q1 2015 180.00 1.05 1.22 11.67
Q2 2015 180.00 1.07 1.27 11.13
Q3 2015 180.00 1.07 1.28 10.82
Q4 2015 180.00 1.15 1.19 11.04
Q1 2016 180.00 1.11 1.15 10.78
Q2 2016 180.00 1.02 1.03 11.05
Q3 2016 180.00 0.90 0.90 10.77
Q4 2016 180.00 0.85 0.83 11.04
Q1 2017 180.00 0.70 0.68 11.13
Q2 2017 180.00 0.47 0.45 11.18
Q3 2017 180.00 0.38 0.36 11.24
Q4 2017 180.00 0.29 0.29 11.33
Q1 2018 180.00 0.21 0.18 11.34
Q2 2018 180.00 0.13 0.09 11.30
Q3 2018 180.00 0.08 0.05 11.33
Q4 2018 180.00 0.07 0.04 11.41
Q1 2019 180.00 0.15 0.15 11.49
Q2 2019 180.00 0.26 0.26 11.58
Q3 2019 180.00 0.38 0.38 11.72

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2010 - - -
Q2 2010 - - -
Q3 2010 - - -
Q4 2010 - - -
Q1 2011 - - -
Q2 2011 - - -
Q3 2011 - - -
Q4 2011 - - -
Q1 2012 - - -
Q2 2012 - - -
Q3 2012 - - -
Q4 2012 - - -
Q1 2013 35.07 35.07 1.45
Q2 2013 23.61 23.61 1.63
Q3 2013 20.42 20.42 1.89
Q4 2013 17.76 17.76 1.89
Q1 2014 17.07 17.07 2.06
Q2 2014 20.30 20.30 2.12
Q3 2014 21.54 21.54 2.40
Q4 2014 19.00 16.52 1.85
Q1 2015 21.16 18.27 1.91
Q2 2015 20.72 17.37 1.98
Q3 2015 15.78 13.24 1.56
Q4 2015 13.00 12.53 1.35
Q1 2016 11.15 10.74 1.14
Q2 2016 12.23 12.19 1.13
Q3 2016 11.76 11.71 0.98
Q4 2016 15.17 15.51 1.16
Q1 2017 15.21 15.63 0.95
Q2 2017 20.90 21.76 0.89
Q3 2017 25.26 26.59 0.84
Q4 2017 36.71 36.71 0.94
Q1 2018 More than 50 More than 50 0.93
Q2 2018 More than 50 More than 50 0.85
Q3 2018 More than 50 More than 50 0.76
Q4 2018 More than 50 More than 50 0.73
Q1 2019 More than 50 More than 50 0.77
Q2 2019 34.20 34.20 0.78
Q3 2019 27.64 27.64 0.90


Financial Ratios
Current
Market Cap (M Riyal) 1,746.00
Enterprise Value (EV) (M) 2,658.46
Shares Outstanding ((M)) 180.00
EPS ( Riyal) (TTM) 0.48
Book Value (BV) ( Riyal) 12.48
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 20.06
P/E (TTM) 20.06
Price/book 0.78
Return on Average Assets (%) (TTM) 2.5
Return on Average Equity (%) (TTM) 3.9
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