Al Jouf Cement Co. reported a net loss after zakat and tax of SAR 28.5 million in the first nine months of 2018 compared to a net profit of SAR 32.7 million a year earlier. This is attributed to lower sales volumes and average selling prices amid weak demand and severe competition.
|Gross Income||57.02||(3.13)||(105.5 %)|
|Operating Income||38.56||(23.46)||(160.8 %)|
|Net Income||32.65||(28.46)||(187.1 %)|
|EPS (SAR)||0.23||(0.20)||(187.1 %)|
In the third quarter, the cement producer recorded a net loss after zakat and tax of SAR 18.9 million, versus net profit of SAR 5.8 million in Q3 2017, also due to lower sales and selling prices.
When compared to the previous quarter, Al Jouf widened net losses by 38 percent on decreased other income and average selling prices.
|P/E Before Unusual Items (TTM)||NEG|
|Market Cap. (M)||1,125.41|
|Return on Average Assets||(0.83 %)|
|Return on Average Equity||(1.24 %)|