Umm Al-Qura Cement Co. reported a 79.15% jump year-on-year (YoY) in net profit after Zakat and tax to SAR 38.5 million for the first quarter of 2020.
The profit hike was driven by higher sales volumes, revenue, and improved selling prices. The cement producer also cited higher other revenues despite increased general and administrative expenses.
On a sequential basis, net profit after Zakat and tax increased by 42%.
| Item | Q1 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 63.53 | 96.45 | 51.8 % |
| Gross Income | 30.33 | 48.14 | 58.7 % |
| Operating Income | 27.81 | 45.00 | 61.8 % |
| Net Income | 21.50 | 38.51 | 79.2 % |
| Average Shares | 55.00 | 55.00 | - |
| EPS (Riyals) | 0.39 | 0.70 | 79.2 % |
| Item | Q4 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 82.03 | 96.45 | 17.6 % |
| Gross Income | 39.08 | 48.14 | 23.2 % |
| Operating Income | 35.20 | 45.00 | 27.8 % |
| Net Income | 27.10 | 38.51 | 42.1 % |
| Average Shares | 55.00 | 55.00 | - |
| EPS (Riyals) | 0.49 | 0.70 | 42.1 % |
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