Northern Region Cement Co.’s net profit grew 6% to SAR 112.5 million, compared to SAR 106.1 million in 2021, backed by higher sales and income from investments outside Saudi Arabia. On the other hand, finance costs significantly increased compared to a year earlier.
| Item | 2021 | 2022 | Change |
|---|---|---|---|
| Revenues | 561.91 | 617.96 | 10.0 % |
| Gross Income | 199.85 | 224.03 | 12.1 % |
| Operating Income | 120.77 | 140.18 | 16.1 % |
| Net Income | 106.06 | 112.02 | 5.6 % |
| Average Shares | 180.00 | 180.00 | - |
| EPS (Riyals) | 0.59 | 0.62 | 5.6 % |
In Q4 2022, net profit increased 5% to SAR 37 million, from SAR 35.13 million in the prior-year period.
Compared to the previous quarter, Q4 net profit climbed 34.3% from SAR 27.56 million.
| Item | Q4 2021 | Q4 2022 | Change |
|---|---|---|---|
| Revenues | 126.62 | 185.02 | 46.1 % |
| Gross Income | 61.68 | 76.93 | 24.7 % |
| Operating Income | 36.26 | 44.76 | 23.4 % |
| Net Income | 35.13 | 36.59 | 4.2 % |
| Average Shares | 180.00 | 180.00 | - |
| EPS (Riyals) | 0.20 | 0.20 | 4.2 % |
| Item | Q3 2022 | Q4 2022 | Change |
|---|---|---|---|
| Revenues | 166.26 | 185.02 | 11.3 % |
| Gross Income | 62.00 | 76.93 | 24.1 % |
| Operating Income | 32.82 | 44.76 | 36.3 % |
| Net Income | 27.56 | 36.59 | 32.8 % |
| Average Shares | 180.00 | 180.00 | - |
| EPS (Riyals) | 0.15 | 0.20 | 32.8 % |
Total shareholders’ equity, after minority interest, rose to SAR 2.22 billion as of Dec. 31, 2022, from SAR 2.20 billion a year earlier.
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