Saudi Cement reports 12% profit leap in 9M 2019

28/10/2019 Argaam Exclusive

Saudi Cement Co. reported a net profit after zakat and tax of SAR 307.8 million for the first 9 months of 2019, a jump of 11.6 percent year-on-year (YoY), driven by higher sales revenue.



Financials (M)

Item 9m 2018 9m 2019 Change‬
Revenues 815.76 1,039.09 27.4 %
Gross Income 378.57 453.15 19.7 %
Operating Income 293.21 333.53 13.8 %
Net Income 275.68 307.80 11.7 %
Average Shares 153.00 153.00 -
EPS (Riyals) 1.80 2.01 11.7 %

The Saudi cement producer’s net profit after zakat and tax for Q3 2019 rose 10.07 percent YoY to SAR 83 million, due to higher sales, despite an increase in general and administrative expenses.

 

On a sequential basis, Q3 2019 net profit tumbled by 10.08 percent.



Current Quarter Comparison (M)

Compared With The
Item Q3 2018 Q3 2019 Change‬
Revenues 239.55 310.12 29.5 %
Gross Income 113.12 131.84 16.5 %
Operating Income 80.61 92.84 15.2 %
Net Income 75.41 83.02 10.1 %
Average Shares 153.00 153.00 -
EPS (Riyals) 0.49 0.54 10.1 %

View other reports