Tabuk Cement Co. reported a net profit after Zakat and tax of SAR 51.6 million in 2020, more than double from a profit of SAR 24.2 million in 2019.
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Revenues | 238.66 | 276.46 | 15.8 % |
| Gross Income | 54.58 | 68.25 | 25.0 % |
| Operating Income | 27.34 | 44.94 | 64.4 % |
| Net Income | 24.19 | 51.58 | 113.2 % |
| Average Shares | 90.00 | 90.00 | - |
| EPS (Riyals) | 0.27 | 0.57 | 113.2 % |
The increase in profit was driven by higher sales revenue and volume, lower cost of sales, a decrease in marketing and selling expenses, higher other revenues, along with gains from adjusting the cash flows of a financial liability.
The company also noted a decrease in financing expenses, in addition to recording unrealized profits of SAR 10.33 million.
| Item | Q4 2019 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 66.28 | 79.56 | 20.0 % |
| Gross Income | 14.01 | 21.33 | 52.2 % |
| Operating Income | 5.41 | 14.90 | 175.3 % |
| Net Income | 6.55 | 12.66 | 93.4 % |
| Average Shares | 90.00 | 90.00 | - |
| EPS (Riyals) | 0.07 | 0.14 | 93.4 % |
| Item | Q3 2020 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 71.49 | 79.56 | 11.3 % |
| Gross Income | 19.49 | 21.33 | 9.5 % |
| Operating Income | 13.83 | 14.90 | 7.7 % |
| Net Income | 9.47 | 12.66 | 33.7 % |
| Average Shares | 90.00 | 90.00 | - |
| EPS (Riyals) | 0.11 | 0.14 | 33.7 % |
The Q4 2020 net profit after Zakat and tax surged 93% year-on-year (YoY) to SAR 12.7 million.
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}}