Hail Cement Co. posted a 50% leap in its 2023 net profit to SAR 24.6 million, compared to SAR 16.4 million in 2022.
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Revenues | 365.46 | 229.06 | (37.3 %) |
| Gross Income | 63.48 | 44.17 | (30.4 %) |
| Operating Income | 42.28 | 19.35 | (54.2 %) |
| Net Income | 16.41 | 24.61 | 50.0 % |
| Average Shares | 97.90 | 97.90 | - |
| EPS (Riyals) | 0.17 | 0.25 | 50.0 % |
| Item | Q4 2022 | Q4 2023 | Change |
|---|---|---|---|
| Revenues | 97.25 | 55.90 | (42.5 %) |
| Gross Income | 30.53 | 7.00 | (77.1 %) |
| Operating Income | 26.15 | (0.80) | (103.1 %) |
| Net Income | 22.32 | 3.23 | (85.5 %) |
| Average Shares | 97.90 | 97.90 | - |
| EPS (Riyals) | 0.23 | 0.03 | (85.5 %) |
| Item | Q3 2023 | Q4 2023 | Change |
|---|---|---|---|
| Revenues | 51.53 | 55.90 | 8.5 % |
| Gross Income | 7.35 | 7.00 | (4.8 %) |
| Operating Income | 0.83 | (0.80) | (196.6 %) |
| Net Income | (3.11) | 3.23 | 204.1 % |
| Average Shares | 97.90 | 97.90 | - |
| EPS (Riyals) | (0.03) | 0.03 | 204.1 % |
The fourth-quarter net earnings plunged 85.5% to SAR 3.2 million from SAR 22.3 million in Q4 2022.
Total shareholders’ equity, no minority interest, declined to SAR 999.87 million as of Dec. 31, 2023, from SAR 1.06 billion a year earlier.
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