Yanbu Cement net profit jumps 15% to SAR 129.6 mln in H1 2020

23/07/2020 Argaam Exclusive
9

Yanbu Cement Co. reported a net profit after Zakat and tax of SAR 129.6 million for the first half of 2020, a rise of 15% year-on-year (YoY), compared to SAR 113 million in the same period last year.

 

The increase in profits was driven by higher sales volumes, along with a drop in selling, general and administrative expenses.



Financials (M)

Item 6m 2019 6m 2020 Change‬
Revenues 469.38 434.33 (7.5 %)
Gross Income 155.83 167.18 7.3 %
Operating Income 121.62 141.39 16.3 %
Net Income 112.96 128.68 13.9 %
Average Shares 157.50 157.50 -
Earnings Per Share before unusual items (Riyals) 0.72 0.82 13.9 %
EPS (Riyals) 0.72 0.82 13.9 %

The second quarter net profit after Zakat and tax declined 7% to SAR 37.3 million, from SAR 40 million in Q2 2019, hit by the allocation of an additional Zakat provision.

 

When compared to the previous quarter, Q2 net profit plunged 59.5%, due to lower sales during the holy month of Ramadan and Eid Al-Fitr, as well as higher Zakat provision. Moreover, the market was roiled by the coronavirus pandemic.



Current Quarter Comparison (M)

Compared With The
Item Q2 2019 Q2 2020 Change‬
Revenues 209.57 156.93 (25.1 %)
Gross Income 63.15 56.13 (11.1 %)
Operating Income 40.41 43.59 7.8 %
Net Income 40.44 36.67 (9.3 %)
Average Shares 157.50 157.50 -
Earnings Per Share before unusual items (Riyals) 0.26 0.23 (9.3 %)
EPS (Riyals) 0.26 0.23 (9.3 %)

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Share Price

Yanbu Cement Co.
22.36
(0.24) (1.06 %)

Yanbu Cement Co. (YCC)

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Financial Ratios
Current
Market Cap (M Riyal) 3,521.70
Enterprise Value (EV) (M) 3,750.71
Shares Outstanding ((M)) 157.50
EPS ( Riyal) (TTM) 0.93
Book Value (BV) ( Riyal) 16.87
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 23.91
P/E (TTM) 23.91
Price/book 1.33
Return on Average Assets (%) (TTM) 4.4
Return on Average Equity (%) (TTM) 5.6
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Comments 9

1
23
4345

aboanod

منذ 1 سنه

يا ساتررر كما ذكرت لكم سابقا شركات الاسمنتات ومواد البناء والعقار الى الطريق المنحدره ؟ الله المعين

2
9
116

waleedrashad

منذ 1 سنه
Replying to   aboanod

وسبكيم وكل الأسهم التي تشتريها أيضا غلى الطريق المنحدرة

7
3
350

أبو مٌحمد

منذ 1 سنه
Replying to   aboanod

صحيح الى الطريق المنحدرة للطريق السريع الى الامام

8
عضو مميز
195
8268

|( الفيصل )|

منذ 1 سنه
Replying to   aboanod

 

ما هكذا تورد الإبل بارك الله فيك فعلى الرغم من تراخي أداء قطاع الأسمنتات  إلا أن الأمر لم يصل إلى الطريق المنحدرة يا أبا العنود و لن يصل إلى تلك المرحلة إن شاء الله و في المقابل فإن تذبذب أداء أسمنت العربية يكاد يكون هو ديدن الشركة و نسأل الله أن يرزق الكل و الجميع من واسع فضله 🌹 

9
عضو مميز
38
4912

ISD

منذ 1 سنه
Replying to   aboanod

تركت كل شركات الاسمنت الاخرى وعلقت فقط على العربية بشكل تعميمي على القطاع؟ هل تحاول ان تضلل الاخرين؟

3
2
180

Azoz1986

منذ 1 سنه

ماش والله مخيبة الارباح

4
18
1921

TASI Investor

منذ 1 سنه

اسمنت العربية من اصعب الشركات التي ممكن تتوقع ادائها 

5
عضو مميز
46
5918

Fadel2019

منذ 1 سنه
Replying to   TASI Investor

اوفقك الراي

6
2
147

Nmah

منذ 1 سنه
Replying to   TASI Investor

هذا بسبب تداخل نتائج شركة اسمنت القطرانة الأردنية في نتائج الشركة الأم اسمنت العربية

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