Hail Cement’s net profit jumps 78% to SAR 40 mln in Q1 2020

23/04/2020 Argaam Exclusive

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Hail Cement Co. reported a net profit after Zakat and tax of SAR 40 million for the first quarter of 2020, a rise of 78.4% year-on-year (YoY), thanks to higher sales revenue and lower expenses.



Current Quarter Comparison (M)

Compared With The
Item Q1 2019 Q1 2020 Change‬
Revenues 68.57 119.46 74.2 %
Gross Income 27.17 55.02 102.5 %
Operating Income 21.52 48.19 123.9 %
Net Income 22.55 40.22 78.4 %
Average Shares 97.90 97.90 -
EPS (Riyals) 0.23 0.41 78.4 %

The first quarter net profit after Zakat and tax also rose by 27.9% when compared to Q4 2019.

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