Eastern Cement posts 39% profit jump to SAR 158 mln in 9M 2020

27/10/2020 Argaam Exclusive
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Eastern Province Cement Co. reported a 39% profit rise year-on-year (YoY) to SAR 158 million for the first nine months of 2020, driven by higher sales volumes, lower general and administrative expenses (G&As) and increased profit share from the company’s associate.



Financials (M)

Item 9m 2019 9m 2020 Change‬
Revenues 513.80 539.40 5.0 %
Gross Income 148.01 188.76 27.5 %
Operating Income 102.08 149.79 46.7 %
Net Income 114.20 158.33 38.6 %
Average Shares 86.00 86.00 -
Earnings Per Share before unusual items 1.33 1.84 38.6 %
EPS (Riyals) 1.33 1.84 38.6 %

The third-quarter net profit after Zakat and tax increased by 19% YoY to SAR 43 million, due to lower cost of sales, decreased G&As and higher investment income.

 

On a sequential basis, net profit jumped by 43.3%.



Current Quarter Comparison (M)

Compared With The
Item Q3 2019 Q3 2020 Change‬
Revenues 173.84 159.10 (8.5 %)
Gross Income 50.72 48.69 (4.0 %)
Operating Income 37.35 40.45 8.3 %
Net Income 36.45 42.63 17.0 %
Average Shares 86.00 86.00 -
Earnings Per Share before unusual items 0.42 0.50 17.0 %
EPS (Riyals) 0.42 0.50 17.0 %

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Share Price

Eastern Province Cement Co.
36.40
0.30 0.83 %

Eastern Province Cement Co. (EPCCO)

1 Day 0.83 % 5 Days 0.83 % 3 Months 5.20 % 6 Months 12.69 % Year 3.56 % 2 Years (11.22 %) 5 Years 27.94 % All 49.92 %
Created with Highstock 6.0.710:1010:2010:3010:4010:5011:0011:1011:2011:4012:0012:1012:2012:3012:4012:5013:0013:1013:2013:4013:5014:0014:1014:2014:3014:4014:5015:10135.5136136.5137137.5138138.5139139.5140140.5
Close : 138.80 | Apr 3, 15:19
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Financial Ratios
Current
Market Cap (M Riyal) 3,130.40
Enterprise Value (EV) (M) 2,908.60
Shares Outstanding ((M)) 86.00
EPS ( Riyal) (TTM) 2.88
Book Value (BV) ( Riyal) 26.67
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 11.55
P/E (TTM) 12.65
Price/book 1.36
Return on Average Assets (%) (TTM) 8.6
Return on Average Equity (%) (TTM) 9.6
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