Northern Region Cement Co. posted a net profit after Zakat and tax of SAR 23.4 million for Q1 2022, down 26% from SAR 31.7 million in year-earlier period.
| Item | Q1 2021 | Q1 2022 | Change |
|---|---|---|---|
| Revenues | 161.87 | 133.26 | (17.7 %) |
| Gross Income | 53.87 | 46.47 | (13.7 %) |
| Operating Income | 36.41 | 29.72 | (18.4 %) |
| Net Income | 31.66 | 23.24 | (26.6 %) |
| Average Shares | 180.00 | 180.00 | - |
| EPS (Riyals) | 0.18 | 0.13 | (26.6 %) |
| Item | Q4 2021 | Q1 2022 | Change |
|---|---|---|---|
| Revenues | 126.62 | 133.26 | 5.2 % |
| Gross Income | 61.68 | 46.47 | (24.7 %) |
| Operating Income | 36.26 | 29.72 | (18.0 %) |
| Net Income | 35.13 | 23.24 | (33.9 %) |
| Average Shares | 180.00 | 180.00 | - |
| EPS (Riyals) | 0.20 | 0.13 | (33.9 %) |
The cement producer attributed the profit decline to lower volume and value of sales revenue.
Meanwhile, Q1 2022 net profit declined 33.4% from SAR 35.13 million in the previous quarter.
Total shareholders’ equity, excluding minority interest, reached SAR 2.233 billion in Q1 2022, compared to SAR 2.185 billion a year before.
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}}