City Cement reports 51% net profit jump to SAR 41.6M in Q1 2024

13/05/2024 Argaam Exclusive

City Cement Co. reported a net profit of SAR 41.6 million in Q1 2024, an increase of 51% from SAR 27.6 million in the year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2023 Q1 2024 Change‬
Revenues 108.25 119.83 10.7 %
Gross Income 32.98 48.57 47.3 %
Operating Income 24.20 38.16 57.6 %
Net Income 27.59 41.59 50.8 %
Average Shares 140.00 140.00 -
Earnings Per Share before unusual items 0.20 0.30 50.8 %
EPS (Riyals) 0.20 0.30 50.8 %

This was attributed to higher sales volumes and value for the current quarter, in addition to the lower cost of sales.

 

On a quarterly basis, net earnings jumped by 61.8% from SAR 25.7 million in Q4 2023.

 

Shareholders’ equity, no minority interest, reached SAR 1.76 billion by March 31, 2024, compared to SAR 1.77 billion in the prior-year period.

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Share Price

City Cement Co.
20.86
0.34 1.66 %

City Cement Co. (CITY CEMENT)

1 Day 1.66 % 5 Days (0.57 %) 3 Months 14.74 % 6 Months 16.80 % Year 5.46 % 2 Years 1.96 % 5 Years 75.89 % All 18.52 %
Created with Highstock 6.0.710:1010:2010:3510:5011:0511:1511:2511:4512:0012:1012:3012:4513:0513:1513:3013:4014:0514:2514:4014:5015:1020.5020.5520.6020.6520.7020.7520.8020.8520.9020.9521.0021.05
Close : 20.86 | Mar 26, 15:11
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Financial Ratios
Current
Market Cap (M Riyal) 2,920.40
Enterprise Value (EV) (M) 2,526.60
Shares Outstanding ((M)) 140.00
EPS ( Riyal) (TTM) 1.03
Book Value (BV) ( Riyal) 12.82
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 20.26
P/E (TTM) 20.26
Price/book 1.63
Return on Average Assets (%) (TTM) 7.8
Return on Average Equity (%) (TTM) 7.9
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