Najran Cement Co. posted a net profit after Zakat and tax of SAR 129.5 million for the first nine months of 2021, up 8% from SAR 120.5 million in the same period last year.
The company attributed the profit rise to lower finance expenses.
| Item | 9m 2020 | 9m 2021 | Change |
|---|---|---|---|
| Revenues | 436.79 | 441.90 | 1.2 % |
| Gross Income | 168.78 | 171.35 | 1.5 % |
| Operating Income | 138.02 | 137.73 | (0.2 %) |
| Net Income | 120.49 | 129.52 | 7.5 % |
| Average Shares | 170.00 | 170.00 | - |
| EPS (Riyals) | 0.71 | 0.76 | 7.5 % |
The company reported a net profit after Zakat and tax of SAR 36.1 million, down 24% year-on-year (YoY), due to lower sales volume.
On a sequential basis, Q3 2021 net profit rose 10.2%.
| Item | Q3 2020 | Q3 2021 | Change |
|---|---|---|---|
| Revenues | 158.95 | 125.89 | (20.8 %) |
| Gross Income | 62.02 | 49.30 | (20.5 %) |
| Operating Income | 51.57 | 38.82 | (24.7 %) |
| Net Income | 47.41 | 36.07 | (23.9 %) |
| Average Shares | 170.00 | 170.00 | - |
| EPS (Riyals) | 0.28 | 0.21 | (23.9 %) |
| Item | Q2 2021 | Q3 2021 | Change |
|---|---|---|---|
| Revenues | 131.58 | 125.89 | (4.3 %) |
| Gross Income | 46.66 | 49.30 | 5.7 % |
| Operating Income | 35.05 | 38.82 | 10.7 % |
| Net Income | 32.71 | 36.07 | 10.3 % |
| Average Shares | 170.00 | 170.00 | - |
| EPS (Riyals) | 0.19 | 0.21 | 10.3 % |
Total shareholders’ equity, excluding minority rights, amounted to SAR 193.4 million in 9M 2021 compared to SAR 2.104 billion in the year-ago period.
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