| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Revenues | 535.69 | 485.65 | (9.3 %) |
| Gross Income | 170.77 | 142.43 | (16.6 %) |
| Operating Income | 127.44 | 97.73 | (23.3 %) |
| Net Income | 112.81 | 69.43 | (38.4 %) |
| Average Shares | 170.00 | 170.00 | - |
| EPS (Riyals) | 0.66 | 0.41 | (38.4 %) |
The profit decline was due to lower sales on a decline sales quantities and selling prices.
The company also posted lower sales, higher cost of production inputs and an increase in the finance cost.
The cement producer’s Q4 2023 net profit dropped 61% to SAR 19.1 million from SAR 48.39 million in the year-ago period.
Sequentially, Najran Cement’s Q4 net profit rose 36.1% from SAR 14.02 million in Q3 2023.
| Item | Q4 2022 | Q4 2023 | Change |
|---|---|---|---|
| Revenues | 160.08 | 126.83 | (20.8 %) |
| Gross Income | 64.78 | 39.28 | (39.4 %) |
| Operating Income | 53.69 | 27.71 | (48.4 %) |
| Net Income | 48.39 | 19.07 | (60.6 %) |
| Average Shares | 170.00 | 170.00 | - |
| EPS (Riyals) | 0.28 | 0.11 | (60.6 %) |
| Item | Q3 2023 | Q4 2023 | Change |
|---|---|---|---|
| Revenues | 113.84 | 126.83 | 11.4 % |
| Gross Income | 32.37 | 39.28 | 21.4 % |
| Operating Income | 20.89 | 27.71 | 32.7 % |
| Net Income | 14.02 | 19.07 | 36.1 % |
| Average Shares | 170.00 | 170.00 | - |
| EPS (Riyals) | 0.08 | 0.11 | 36.1 % |
Total shareholders’ equity, no minority interest, climbed to SAR 2 billion as of Dec. 31, 2023, from SAR 1.97 billion a year earlier.
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