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

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

22/03/2023 Argaam Exclusive

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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 -
Earnings Per Share before unusual items (Riyals) 0.09 0.23 170.8 %
EPS (Riyal) 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 -
Earnings Per Share before unusual items (Riyal) 0.00 0.20 5048.0 %
EPS (Riyal) 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.

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