Umm Al-Qura Cement posts SAR 53 mln profit in 9M 2019

05/11/2019 Argaam Exclusive

Umm Al-Qura Cement Co.'s net profit after zakat and tax surged to SAR 52.7 million in the first nine months of 2019, compared to a net profit of SAR 6.4 million a year earlier.

 

The nine-month figures were backed by higher sales revenue and volumes, as well as lower selling and marketing expenses.



Financials (M)

Item 9m 2018 9m 2019 Change‬
Revenues 121.37 173.91 43.3 %
Gross Income 34.30 80.02 133.3 %
Operating Income 23.69 71.36 201.2 %
Net Income 6.44 52.72 719.0 %
Average Shares 55.00 55.00 -
EPS (Riyals) 0.12 0.96 719.0 %

In Q3 2019, the company reported a net profit after zakat and tax of SAR 18.9 million against a net loss of SAR 3.9 million in year-earlier period, due to higher sales revenue and volumes, as well as lower selling and marketing expenses.

 

When compared to Q2 2019, net profit jumped 54 percent.



Current Quarter Comparison (M)

Compared With The
Item Q3 2018 Q3 2019 Change‬
Revenues 33.71 63.96 89.8 %
Gross Income 6.06 28.14 364.5 %
Operating Income 1.99 25.13 1162.8 %
Net Income (3.94) 18.94 581.2 %
Average Shares 55.00 55.00 -
EPS (Riyals) (0.07) 0.34 581.2 %

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