Tabuk Cement Co. reported net profit after zakat and tax of SAR 12.61 million in the first half of 2019, versus net loss of SAR 47.3 million in year-earlier period, due to higher revenue, improved selling prices, lower expenses, in addition to recording equity investment gains.
|Gross Income||(5.11)||25.98||608.0 %|
|Operating Income||(14.76)||12.04||181.6 %|
|Net Income||(47.30)||12.61||126.7 %|
|EPS (Riyal)||(0.53)||0.14||126.7 %|
Second quarter earnings stood at SAR 8.98 million, versus net losses of SAR 36.08 million in year-earlier period on higher revenue, improved selling prices, despite lower sales volumes.
On a quarterly basis, net profit more than doubled, driven by lower costs, recording equity investment gains and reversing the inventory write-down.
|P/E Before Unusual Items (TTM)||NEG|
|Market Cap. (M)||1,353.60|
|Return on Average Assets||(2.12 %)|
|Return on Average Equity||(3.43 %)|