Arabian Cement net profit down 37% to SAR 41.9 mln in Q1 2022

15/05/2022 Argaam Exclusive
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Arabian Cement Co. reported a net profit after Zakat and tax of SAR 41.9 million for Q1 2022, a decline of 37% from SAR 67 million in the year-earlier period.

 

This earnings fall was triggered by lower sales value and volume both locally and from Jordan’s operations, despite higher profit from associates.



Current Quarter Comparison (M)

Compared With The
Item Q1 2021 Q1 2022 Change‬
Revenues 321.50 259.26 (19.4 %)
Gross Income 104.13 69.12 (33.6 %)
Operating Income 78.34 44.41 (43.3 %)
Net Income 66.96 41.90 (37.4 %)
Average Shares 100.00 100.00 -
Earnings Per Share before unusual items 0.67 0.42 (37.4 %)
EPS (Riyals) 0.67 0.42 (37.4 %)

On a sequential basis, net profit surged by 79.7% from SAR 23.31 million in Q4 2021.

 

Total shareholders’ equity, excluding minority interest, retreated 6.5% year-on-year (YoY) to SAR 2.792 billion in Q1 2022 from SAR 2.986 billion in the prior-year period.

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Share Price

Arabian Cement Co.
26.90
0.15 0.56 %

Arabian Cement Co. (ACC)

1 Day 0.56 % 5 Days 5.28 % 3 Months 3.86 % 6 Months 2.48 % Year (16.72 %) 2 Years (24.65 %) 5 Years 12.08 % All 3.78 %
Created with Highstock 6.0.710:0510:2510:4010:5511:0511:1511:2511:4011:5012:0012:1512:3013:0513:2013:4013:5514:1514:3514:4514:5515:1527.727.827.92828.128.228.328.428.5
Close : 27.90 | Mar 27, 15:18
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Financial Ratios
Current
Market Cap (M Riyal) 2,690.00
Enterprise Value (EV) (M) 2,724.62
Shares Outstanding ((M)) 100.00
EPS ( Riyal) (TTM) 1.60
Book Value (BV) ( Riyal) 25.65
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 16.80
P/E (TTM) 16.80
Price/book 1.05
Return on Average Assets (%) (TTM) 5.1
Return on Average Equity (%) (TTM) 5.6
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