Tabuk Cement Co. reported a net profit after Zakat and tax of SAR 17.8 million for 2021, a decline of 66% from SAR 51.6 million a year earlier.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 276.46 | 228.53 | (17.3 %) |
| Gross Income | 68.25 | 48.61 | (28.8 %) |
| Operating Income | 44.94 | 23.91 | (46.8 %) |
| Net Income | 51.58 | 17.76 | (65.6 %) |
| Average Shares | 90.00 | 90.00 | - |
| EPS (Riyals) | 0.57 | 0.20 | (65.6 %) |
This drop was driven by lower sales value and volume, in addition to an amortization of SAR 5.815 million.
Q4 2021 net profit plunged 97% YoY to SAR 345,000, from SAR 12.66 million.
Sequentially, net profit tumbled 95.9%.
| Item | Q4 2020 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 79.56 | 54.31 | (31.7 %) |
| Gross Income | 21.33 | 9.41 | (55.9 %) |
| Operating Income | 14.90 | 4.30 | (71.1 %) |
| Net Income | 12.66 | 0.34 | (97.3 %) |
| Average Shares | 90.00 | 90.00 | - |
| EPS (Riyals) | 0.14 | 0.00 | (97.3 %) |
| Item | Q3 2021 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 48.00 | 54.31 | 13.1 % |
| Gross Income | 8.79 | 9.41 | 7.1 % |
| Operating Income | 2.55 | 4.30 | 68.5 % |
| Net Income | 8.48 | 0.34 | (96.0 %) |
| Average Shares | 90.00 | 90.00 | - |
| EPS (Riyals) | 0.09 | 0.00 | (96.0 %) |
Total shareholders’ equity, excluding minority interest, inched up 1.5% year-on-year (YoY) to SAR 1.267 billion for 2021, from SAR 1.249 billion a year earlier.
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