Financial Results : Hail Cement swings to SAR 59.6 mln profit in FY19

Hail Cement swings to SAR 59.6 mln profit in FY19

02/02/2020 Argaam Exclusive

View other reports

Hail Cement Co. posted a net profit after Zakat and tax of SAR 59.657 million for fiscal year 2019, compared to a net loss of SAR 25.029 million a year earlier.



Financials (M)

Item 2018 2019 Change‬
Revenues 195.98 274.40 40.0 %
Gross Income 11.13 91.43 721.4 %
Operating Income (15.27) 69.51 555.2 %
Net Income (25.03) 59.06 336.0 %
Average Shares 97.90 97.90 -
EPS (Riyals) (0.26) 0.60 336.0 %

The rise in net profit is attributed to higher revenue and lower expenses, the company said in a statement to Tadawul.



Current Quarter Comparison (M)

Compared With The
Item Q4 2018 Q4 2019 Change‬
Revenues 64.98 90.19 38.8 %
Gross Income 21.96 41.79 90.3 %
Operating Income 12.51 36.64 192.9 %
Net Income 7.05 30.84 337.2 %
Average Shares 97.90 97.90 -
EPS (Riyals) 0.07 0.32 337.2 %

Total revenue for FY2019 stood at SAR 274 million, compared to SAR 196 million in the year-earlier period, an increase of 40.02%.

 

Earnings per share during FY 2019 amounted to SAR 0.60, compared to loss of SAR 0.24 a year earlier, the statement also said.

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.


Comments {{getCommentCount()}}

Be the first to comment

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