Najran Cement Co. reported a net profit after Zakat and tax of SAR 15.5 million for the fiscal year 2019, versus a net loss of SAR 83.5 million a year earlier.
The annual profit was buoyed by higher sales volumes and average selling prices, along with a decline in production costs per ton.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 278.41 | 416.41 | 49.6 % |
| Gross Income | (13.95) | 119.21 | 954.4 % |
| Operating Income | (49.22) | 85.32 | 273.4 % |
| Net Income | (83.50) | 53.52 | 164.1 % |
| Average Shares | 170.00 | 170.00 | - |
| EPS (Riyals) | (0.49) | 0.31 | 164.1 % |
In Q4 2019, the company turned to a net profit of SAR 35.9 million, compared to a net loss of SAR 17.9 million in year-earlier period.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 72.23 | 136.41 | 88.9 % |
| Gross Income | (3.54) | 52.41 | 1580.0 % |
| Operating Income | (10.61) | 43.71 | 512.1 % |
| Net Income | (17.87) | 35.92 | 301.0 % |
| Average Shares | 170.00 | 170.00 | - |
| EPS (Riyals) | (0.11) | 0.21 | 301.0 % |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 97.23 | 136.41 | 40.3 % |
| Gross Income | 29.92 | 52.41 | 75.2 % |
| Operating Income | 21.96 | 43.71 | 99.1 % |
| Net Income | 14.13 | 35.92 | 154.1 % |
| Average Shares | 170.00 | 170.00 | - |
| EPS (Riyals) | 0.08 | 0.21 | 154.1 % |
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