Northern Region Cement Co. reported a net profit after Zakat and tax of SAR 92.8 million for the fiscal year 2019, compared to a net profit of SAR 13.1 million a year earlier.
The sevenfold rise year-on-year (YoY) was buoyed by an increase in average selling prices and sales volumes, in addition to higher white cement exports.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 392.55 | 673.37 | 71.5 % |
| Gross Income | 147.60 | 216.32 | 46.6 % |
| Operating Income | 54.53 | 125.86 | 130.8 % |
| Net Income | 12.85 | 92.27 | 618.1 % |
| Average Shares | 180.00 | 180.00 | - |
| EPS (Riyals) | 0.07 | 0.51 | 618.1 % |
In Q4 2019, the cement producer reported a net profit after Zakat and tax of SAR 37.3 million compared to a net profit of SAR 13.3 million in year earlier period.
Shareholders’ equity after minority interest hit SAR 2.15 billion.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 53.08 | 210.12 | 295.9 % |
| Gross Income | 45.91 | 55.00 | 19.8 % |
| Operating Income | 22.28 | 33.69 | 51.2 % |
| Net Income | 13.03 | 36.80 | 182.4 % |
| Average Shares | 180.00 | 180.00 | - |
| EPS (Riyals) | 0.07 | 0.20 | 182.4 % |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 194.69 | 210.12 | 7.9 % |
| Gross Income | 61.09 | 55.00 | (10.0 %) |
| Operating Income | 37.85 | 33.69 | (11.0 %) |
| Net Income | 26.08 | 36.80 | 41.1 % |
| Average Shares | 180.00 | 180.00 | - |
| EPS (Riyals) | 0.14 | 0.20 | 41.1 % |
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