Hail Cement Co. reported a net profit after Zakat and tax of SAR 41.2 million for H1 2021, a slump of 34%, from SAR 62 million in the year-earlier period, driven by lower revenue.
| Item | 6m 2020 | 6m 2021 | Change |
|---|---|---|---|
| Revenues | 185.70 | 147.80 | (20.4 %) |
| Gross Income | 83.49 | 51.36 | (38.5 %) |
| Operating Income | 72.08 | 38.87 | (46.1 %) |
| Net Income | 61.97 | 41.22 | (33.5 %) |
| Average Shares | 97.90 | 97.90 | - |
| EPS (Riyals) | 0.63 | 0.42 | (33.5 %) |
The Saudi cement producer reported a 29% profit decline year-on-year (YoY) to SAR 15.3 million in Q2 2021, due to lower revenue and higher expenses.
On a sequential basis, net profit dropped 40.68%.
| Item | Q2 2020 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 66.24 | 65.91 | (0.5 %) |
| Gross Income | 28.47 | 20.45 | (28.2 %) |
| Operating Income | 23.90 | 15.03 | (37.1 %) |
| Net Income | 21.75 | 15.35 | (29.4 %) |
| Average Shares | 97.90 | 97.90 | - |
| EPS (Riyals) | 0.22 | 0.16 | (29.4 %) |
| Item | Q1 2021 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 81.89 | 65.91 | (19.5 %) |
| Gross Income | 30.91 | 20.45 | (33.8 %) |
| Operating Income | 23.84 | 15.03 | (36.9 %) |
| Net Income | 25.87 | 15.35 | (40.7 %) |
| Average Shares | 97.90 | 97.90 | - |
| EPS (Riyals) | 0.26 | 0.16 | (40.7 %) |
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