Najran Cement Co. posted a net profit after zakat and tax of SAR 3.5 million for the first half of 2019, versus net loss of SAR 41.9 million a year earlier, driven by higher sales volumes and selling prices.
The results were also bolstered by a decline in productions costs as well as general and administrative expenses.
|Gross Income||(3.78)||36.89||1076.4 %|
|Operating Income||(23.59)||19.65||183.3 %|
|Net Income||(41.91)||3.47||108.3 %|
|EPS (Riyal)||(0.25)||0.02||108.3 %|
The Saudi cement producer trimmed Q2 2019 losses after zakat and tax by 91.8 percent YoY to SAR 2.6 million due to a rise in sales volumes and prices.
Najran incurred losses in Q2 2019, compared to net profit of SAR 6.1 million in the previous quarter on lower sales volumes during Ramadan.
|2019 - Q2 (e)||2019 - Q2 (a)||Change|
|Company||2019 - Q2 (e)||2019 - Q2 (a)||Difference|
|P/E Before Unusual Items (TTM)||NEG|
|Market Cap. (M)||1,581.00|
|Return on Average Assets||(1.47 %)|
|Return on Average Equity||(1.95 %)|