City Cement Co. 's net profit after zakat and tax more than doubled year-on-year (YoY) to SAR 73.7 million for H1 2019, driven by higher sales revenue, average selling prices and other income.
|Gross Income||53.65||93.54||74.4 %|
|Operating Income||38.67||75.31||94.7 %|
|Net Income||34.79||73.67||111.8 %|
|EPS (Riyal)||0.18||0.39||111.8 %|
The second quarter net profit after zakat and tax saw an over three-fold increase YoY to SAR 32.3 million also due to higher sales revenue, average selling prices and other income.
When compared to the previous quarter, Q2 2019 net profit dropped 22 percent on lower sales volumes amid weak demand and seasonal factors. Lower other income also weighed negatively on the quarterly profit.
|2019 - Q2 (e)||2019 - Q2 (a)||Change|
|P/E Before Unusual Items (TTM)||26.93|
|Dividend Yield||4.34 %|
|Market Cap. (M)||2,743.40|
|Return on Average Assets||6.79 %|
|Return on Average Equity||7.13 %|