Northern Region Cement Co. reported a net profit after zakat and tax of SAR 55.8 million in the first nine months of 2019, versus a net loss of SAR 238,519 in the same period last year, driven by higher sales volume of white and black cements.
|Gross Income||101.69||161.32||58.6 %|
|Operating Income||32.25||92.07||185.5 %|
|Net Income||(0.18)||55.47||31088.8 %|
|EPS (Riyal)||0.00||0.31||31088.8 %|
The cement producer reported net profit of SAR 26.2 million in Q3 2019, an increase of 426 percent, on the back of higher selling prices, and increased sales of white cement.
When compared to the previous quarter, Northern Cement’s net profit rose 86.5 percent.
|P/E Before Unusual Items (TTM)||32.85|
|Market Cap. (M)||2,250.00|
|Return on Average Assets||2.08 %|
|Return on Average Equity||3.30 %|