Yanbu Cement Co. reported a 49% drop in net profit to SAR 29.9 million in Q1 2025, from SAR 58.3 million a year earlier.
Item | Q1 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 242.36 | 266.44 | 9.9 % |
Gross Income | 91.99 | 75.09 | (18.4 %) |
Operating Income | 65.26 | 35.88 | (45.0 %) |
Net Income | 58.31 | 29.91 | (48.7 %) |
Average Shares | 157.50 | 157.50 | - |
Earnings Per Share before unusual items (Riyal) | 0.37 | 0.19 | (48.7 %) |
EPS (Riyal) | 0.37 | 0.19 | (48.7 %) |
Item | Q4 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 247.88 | 266.44 | 7.5 % |
Gross Income | 89.35 | 75.09 | (16.0 %) |
Operating Income | 34.76 | 35.88 | 3.2 % |
Net Income | 27.95 | 29.91 | 7.0 % |
Average Shares | 157.50 | 157.50 | - |
Earnings Per Share before unusual items (Riyal) | 0.18 | 0.19 | 7.0 % |
EPS (Riyal) | 0.18 | 0.19 | 7.0 % |
The company attributed the profit drop during Q1 2025 to an increase in the cost of revenues, resulting from higher export volumes and a decline in the average selling price of domestic sales.
This is despite an increase in revenues during the current quarter.
On a sequential basis, the three-month bottom line rose 7% from SAR 27.9 million in Q4 2024.
Total shareholders’ equity, no minority interest, declined to SAR 2.63 billion as of March 2025, from SAR 2.71 billion in the year before.
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