Tabuk Cement profit up 18% to SAR 21 mln in 2022; Q4 at SAR 17.6 mln

22/03/2023 Argaam Exclusive

View other reports

Tabuk Cement Co. posted a net profit of SAR 21 million in 2022, an 18% increase from SAR 17.8 million a year earlier.



Financials (M)

Item 2021 2022 Change‬
Revenues 228.53 297.55 30.2 %
Gross Income 48.61 63.43 30.5 %
Operating Income 23.91 36.18 51.3 %
Net Income 17.76 20.97 18.1 %
Average Shares 90.00 90.00 -
EPS (Riyals) 0.20 0.23 18.1 %

The positive performance was driven by higher sales value and volume as well as average selling prices. 

 

The fourth-quarter net profit surged to SAR 17.6 million from SAR 340,000 in the year-earlier period. 

  

The company’s Q4 2022 net profit rose 126% from SAR 7.79 million in Q3 2022. 



Current Quarter Comparison (M)

Compared With The
Item Q4 2021 Q4 2022 Change‬
Revenues 54.31 87.44 61.0 %
Gross Income 9.41 26.44 181.0 %
Operating Income 4.30 20.65 379.7 %
Net Income 0.34 17.61 5048.0 %
Average Shares 90.00 90.00 -
EPS (Riyals) 0.00 0.20 5048.0 %

Total shareholders’ equity, no minority interest, stood at SAR 1.27 billion as of Dec. 31, 2022, compared to SAR 1.26 billion a year earlier.

View more financial results

 

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.