Umm Al-Qura Cement Co. (UACC) reported a net profit after Zakat and tax of SAR 79.8 million for the fiscal year of 2019, an increase of more than seven-fold year-on-year (YoY), the company said in a bourse statement.
The profit hike was mainly driven by higher sales volumes and revenue, improved selling prices and lower selling and marketing expenses, despite increased zakat expenses.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 164.44 | 255.94 | 55.6 % |
| Gross Income | 48.63 | 119.10 | 144.9 % |
| Operating Income | 35.33 | 106.56 | 201.6 % |
| Net Income | 10.13 | 79.82 | 688.1 % |
| Average Shares | 55.00 | 55.00 | - |
| EPS (Riyals) | 0.18 | 1.45 | 688.1 % |
The Saudi cement producer reported net profit of SAR 27.1 million in Q4 2019, compared to net profit of SAR 3.69 million in Q4 2018.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 43.07 | 82.03 | 90.4 % |
| Gross Income | 14.33 | 39.08 | 172.8 % |
| Operating Income | 11.64 | 35.20 | 202.3 % |
| Net Income | 3.69 | 27.10 | 634.2 % |
| Average Shares | 55.00 | 55.00 | - |
| EPS (Riyals) | 0.07 | 0.49 | 634.2 % |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 63.96 | 82.03 | 28.2 % |
| Gross Income | 28.14 | 39.08 | 38.9 % |
| Operating Income | 25.13 | 35.20 | 40.1 % |
| Net Income | 18.94 | 27.10 | 43.1 % |
| Average Shares | 55.00 | 55.00 | - |
| EPS (Riyals) | 0.34 | 0.49 | 43.1 % |
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