Arabian Cement Co. reported a net profit after zakat and tax of SAR 74.5 million for the first half of 2019, as compared to a net loss of SAR 57 million, the company said in a bourse statement.
The rise was driven by an increase in sales, lower cost of general and administrative (G&As) expenses of the parent company, and a decrease in losses from the subsidiary in Jordan.
|Gross Income||(22.83)||126.09||652.2 %|
|Operating Income||(58.29)||98.32||268.7 %|
|Net Income||(56.99)||74.49||230.7 %|
|EPS (Riyal)||(0.57)||0.74||230.7 %|
The company’s Q2 net profit after zakat and tax rose to SAR 37.3 million as compared to a net loss of SAR 50.9 million due to an increase in average selling price and lower cost of sales.
On a sequential basis, Q2 net profit edged up marginally year-on-year (YoY) compared to the previous quarter on lower cost of sales.
|2019 - Q2 (e)||2019 - Q2 (a)||Change|
|P/E Before Unusual Items (TTM)||30.27|
|Dividend Yield||4.46 %|
|Market Cap. (M)||3,185.00|
|Return on Average Assets||2.88 %|
|Return on Average Equity||3.78 %|