Eastern Cement’s H1 2022 net profit declines 41% to SAR 72 mln; Q2 at SAR 43 mln

Eastern Province Cement Co. reported a net profit after Zakat and tax of SAR 72 million in H1 2022, a slump of 41%, compared to SAR 122 million in the prior-year period.

This was triggered by lower sales volumes and value, higher administrative and selling expenses, a decline in profit share from an associate and an increase in other costs

Financials (M)

Item	6m 2021	6m 2022	Change‬
Revenues	429.10	356.55	(16.9 %)
Gross Income	154.08	113.30	(26.5 %)
Operating Income	122.69	78.69	(35.9 %)
Net Income	121.74	75.48	(38.0 %)
Average Shares	86.00	86.00	-
EPS (Riyals)	1.42	0.88	(38.0 %)

The company’s Q2 2022 net profit after Zakat and tax dropped 31% to SAR 43 million from SAR 62 million a year earlier, driven by lower sales volumes and value, and higher administrative and selling expenses.

On a sequential basis, net profit jumped by 48.3%, impacted by higher sales value.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2021	Q2 2022	Change‬
Revenues	212.40	195.81	(7.8 %)
Gross Income	80.58	69.97	(13.2 %)
Operating Income	64.04	49.79	(22.3 %)
Net Income	61.86	49.16	(20.5 %)
Average Shares	86.00	86.00	-
EPS (Riyals)	0.72	0.57	(20.5 %)

Item	Q1 2022	Q2 2022	Change‬
Revenues	160.74	195.81	21.8 %
Gross Income	43.33	69.97	61.5 %
Operating Income	28.90	49.79	72.3 %
Net Income	26.32	49.16	86.8 %
Average Shares	86.00	86.00	-
EPS (Riyals)	0.31	0.57	86.8 %

Total shareholders’ equity, excluding minority interest, stood at SAR 2.407 billion by the end of H1 2022, compared to SAR 2.461 billion in the year-earlier period.

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Share Price

Eastern Province Cement Co. (EPCCO)

	Current
Market Cap (M Riyal)	2,868.10
Enterprise Value (EV) (M)	2,646.30
Shares Outstanding ((M))	86.00
EPS ( Riyal) (TTM)	2.55
Book Value (BV) ( Riyal)	28.19
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	11.40
P/E (TTM)	13.07
Price/book	1.18
Return on Average Assets (%) (TTM)	7.7
Return on Average Equity (%) (TTM)	9.2

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2013	237.85	(0.2 %)	114.81	(7.1 %)	103.37	(7.0 %)
Q2 2013	203.39	(4.4 %)	80.49	(26.1 %)	68.59	(31.3 %)
Q3 2013	174.92	(0.1 %)	79.00	(11.7 %)	68.78	(14.6 %)
Q4 2013	212.57	(7.1 %)	74.04	(25.0 %)	57.12	(31.2 %)
2013	828.72	(3.1 %)	348.34	(17.2 %)	297.85	(20.5 %)
Q1 2014	214.60	(9.8 %)	92.28	(19.6 %)	76.21	(26.3 %)
Q2 2014	217.73	7.1 %	94.15	17.0 %	80.60	17.5 %
Q3 2014	193.08	10.4 %	73.56	(6.9 %)	59.37	(13.7 %)
Q4 2014	219.70	3.4 %	92.72	25.2 %	78.20	36.9 %
2014	845.12	2.0 %	352.71	1.3 %	294.37	(1.2 %)
Q1 2015	254.48	18.6 %	108.33	17.4 %	90.05	18.1 %
Q2 2015	254.15	16.7 %	108.12	14.8 %	91.80	13.9 %
Q3 2015	192.12	(0.5 %)	82.94	12.8 %	67.99	14.5 %
Q4 2015	239.22	8.9 %	94.51	1.9 %	80.36	2.8 %
2015	939.96	11.2 %	393.90	11.7 %	330.19	12.2 %
Q1 2016	245.29	(3.6 %)	95.34	(12.0 %)	75.61	(16.0 %)
Q2 2016	207.53	(18.3 %)	66.52	(38.5 %)	50.47	(45.0 %)
Q3 2016	172.19	(10.4 %)	60.22	(27.4 %)	37.80	(44.4 %)
Q4 2016	231.59	(3.2 %)	68.47	(27.6 %)	54.28	(32.5 %)
2016	856.59	(8.9 %)	290.54	(26.2 %)	218.15	(33.9 %)
Q1 2017	202.27	(17.5 %)	60.26	(36.8 %)	39.91	(47.2 %)
Q2 2017	159.38	(23.2 %)	41.24	(38.0 %)	28.12	(44.3 %)
Q3 2017	122.10	(29.1 %)	32.73	(45.7 %)	18.13	(52.0 %)
Q4 2017	156.87	(32.3 %)	31.06	(54.6 %)	13.15	(75.8 %)
2017	640.61	(25.2 %)	165.28	(43.1 %)	99.31	(54.5 %)
Q1 2018	138.65	(31.5 %)	32.45	(46.2 %)	17.14	(57.0 %)
Q2 2018	151.62	(4.9 %)	37.73	(8.5 %)	20.69	(26.4 %)
Q3 2018	122.03	(0.1 %)	21.27	(35.0 %)	7.01	(61.3 %)
Q4 2018	153.44	(2.2 %)	39.71	27.8 %	24.01	82.5 %
2018	565.74	(11.7 %)	131.16	(20.6 %)	68.86	(30.7 %)
Q1 2019	181.19	30.7 %	57.79	78.1 %	41.14	140.0 %
Q2 2019	158.76	4.7 %	39.50	4.7 %	23.59	14.0 %
Q3 2019	173.84	42.5 %	50.72	138.5 %	37.35	432.6 %
Q4 2019	215.00	40.1 %	69.95	76.1 %	59.39	147.4 %
2019	728.80	28.8 %	217.96	66.2 %	161.47	134.5 %
Q1 2020	234.03	29.2 %	93.65	62.1 %	78.04	89.7 %
Q2 2020	146.27	(7.9 %)	46.41	17.5 %	31.30	32.7 %
Q3 2020	159.10	(8.5 %)	48.69	(4.0 %)	40.45	8.3 %
Q4 2020	203.03	(5.6 %)	69.29	(0.9 %)	57.46	(3.2 %)
2020	742.43	1.9 %	258.05	18.4 %	207.25	28.4 %
Q1 2021	216.69	(7.4 %)	73.50	(21.5 %)	58.65	(24.9 %)
Q2 2021	212.40	45.2 %	80.58	73.6 %	64.04	104.6 %
Q3 2021	169.36	6.5 %	56.03	15.1 %	44.74	10.6 %
Q4 2021	159.28	(21.6 %)	50.87	(26.6 %)	38.97	(32.2 %)
2021	757.73	2.1 %	260.98	1.1 %	206.40	(0.4 %)
Q1 2022	160.74	(25.8 %)	43.33	(41.0 %)	28.90	(50.7 %)
Q2 2022	195.81	(7.8 %)	69.97	(13.2 %)	49.79	(22.3 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2012	854.88	5.2 %	420.68	0.5 %	374.45	(0.8 %)
2013	828.72	(3.1 %)	348.34	(17.2 %)	297.85	(20.5 %)
2014	845.12	2.0 %	352.71	1.3 %	294.37	(1.2 %)
2015	939.96	11.2 %	393.90	11.7 %	330.19	12.2 %
2016	856.59	(8.9 %)	290.54	(26.2 %)	218.15	(33.9 %)
2017	640.61	(25.2 %)	165.28	(43.1 %)	99.31	(54.5 %)
2018	565.74	(11.7 %)	131.16	(20.6 %)	68.86	(30.7 %)
2019	728.80	28.8 %	217.96	66.2 %	161.47	134.5 %
2020	742.43	1.9 %	258.05	18.4 %	207.25	28.4 %
2021	757.73	2.1 %	260.98	1.1 %	206.40	(0.4 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2013	109.45	5.2 %	1.27	-	109.45	1.27
Q2 2013	77.42	(25.0 %)	0.90	-	77.42	0.90
Q3 2013	67.65	(19.2 %)	0.79	-	67.65	0.79
Q4 2013	54.63	(42.9 %)	0.64	-	54.63	0.64
2013	309.16	(20.0 %)	3.59	-	309.16	3.59
Q1 2014	156.73	43.2 %	1.82	80.70	76.03	0.88
Q2 2014	81.64	5.4 %	0.95	0.00	81.63	0.95
Q3 2014	55.94	(17.3 %)	0.65	-	55.94	0.65
Q4 2014	79.25	45.0 %	0.92	-	79.25	0.92
2014	373.55	20.8 %	4.34	80.70	292.85	3.41
Q1 2015	84.94	(45.8 %)	0.99	-	84.94	0.99
Q2 2015	92.77	13.6 %	1.08	-	92.77	1.08
Q3 2015	66.73	19.3 %	0.78	-	66.73	0.78
Q4 2015	87.86	10.9 %	1.02	1.83	86.03	1.00
2015	332.89	(10.9 %)	3.87	1.83	331.06	3.85
Q1 2016	86.18	1.5 %	1.00	-	86.18	1.00
Q2 2016	47.33	(49.0 %)	0.55	-	47.33	0.55
Q3 2016	42.03	(37.0 %)	0.49	-	42.03	0.49
Q4 2016	51.66	(41.2 %)	0.60	-	51.66	0.60
2016	227.19	(31.8 %)	2.64	-	227.19	2.64
Q1 2017	50.40	(41.5 %)	0.59	-	50.40	0.59
Q2 2017	35.11	(25.8 %)	0.41	-	35.11	0.41
Q3 2017	13.88	(67.0 %)	0.16	-	13.88	0.16
Q4 2017	7.75	(85.0 %)	0.09	-	7.75	0.09
2017	107.14	(52.8 %)	1.25	-	107.14	1.25
Q1 2018	16.51	(67.2 %)	0.19	-	16.51	0.19
Q2 2018	18.80	(46.5 %)	0.22	-	18.80	0.22
Q3 2018	8.87	(36.1 %)	0.10	-	8.87	0.10
Q4 2018	25.56	229.7 %	0.30	-	25.56	0.30
2018	69.75	(34.9 %)	0.81	-	69.75	0.81
Q1 2019	45.97	178.4 %	0.53	-	45.97	0.53
Q2 2019	31.79	69.1 %	0.37	-	31.79	0.37
Q3 2019	36.45	310.8 %	0.42	-	36.45	0.42
Q4 2019	66.49	160.1 %	0.77	-	66.49	0.77
2019	180.70	159.1 %	2.10	-	180.70	2.10
Q1 2020	85.24	85.4 %	0.99	-	85.24	0.99
Q2 2020	30.47	(4.1 %)	0.35	-	30.47	0.35
Q3 2020	42.63	17.0 %	0.50	-	42.63	0.50
Q4 2020	58.88	(11.4 %)	0.68	-	58.88	0.68
2020	217.22	20.2 %	2.53	-	217.22	2.53
Q1 2021	59.88	(29.7 %)	0.70	-	59.88	0.70
Q2 2021	61.86	103.0 %	0.72	-	61.86	0.72
Q3 2021	37.72	(11.5 %)	0.44	-	37.72	0.44
Q4 2021	33.39	(43.3 %)	0.39	-	33.39	0.39
2021	192.85	(11.2 %)	2.24	-	192.85	2.24
Q1 2022	26.32	(56.0 %)	0.31	-	26.32	0.31
Q2 2022	49.16	(20.5 %)	0.57	-	49.16	0.57

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2012	386.66	6.2 %	4.50	(3.93)	390.59	4.54
2013	309.16	(20.0 %)	3.59	-	309.16	3.59
2014	373.55	20.8 %	4.34	80.70	292.85	3.41
2015	332.89	(10.9 %)	3.87	1.83	331.06	3.85
2016	227.19	(31.8 %)	2.64	-	227.19	2.64
2017	107.14	(52.8 %)	1.25	-	107.14	1.25
2018	69.75	(34.9 %)	0.81	-	69.75	0.81
2019	180.70	159.1 %	2.10	-	180.70	2.10
2020	217.22	20.2 %	2.53	-	217.22	2.53
2021	192.85	(11.2 %)	2.24	-	192.85	2.24

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	48.20 %	53.88 %	46.34 %
Q2 2013	45.38 %	50.46 %	43.81 %
Q3 2013	44.15 %	49.61 %	41.91 %
Q4 2013	42.03 %	47.15 %	37.31 %
2013	42.03 %	47.15 %	37.31 %
Q1 2014	40.45 %	45.79 %	34.23 %
Q2 2014	41.41 %	48.07 %	34.15 %
Q3 2014	39.86 %	46.57 %	32.01 %
Q4 2014	41.73 %	50.17 %	34.65 %
2014	41.73 %	50.17 %	34.65 %
Q1 2015	41.67 %	49.66 %	34.10 %
Q2 2015	41.54 %	48.96 %	33.96 %
Q3 2015	42.60 %	49.96 %	35.17 %
Q4 2015	41.91 %	48.80 %	35.16 %
2015	41.91 %	48.80 %	35.22 %
Q1 2016	40.92 %	47.21 %	35.64 %
Q2 2016	38.38 %	45.38 %	32.38 %
Q3 2016	36.63 %	43.53 %	30.27 %
Q4 2016	33.92 %	41.10 %	26.52 %
2016	33.92 %	41.10 %	26.52 %
Q1 2017	31.40 %	38.80 %	23.53 %
Q2 2017	30.07 %	37.43 %	23.41 %
Q3 2017	28.33 %	35.83 %	21.12 %
Q4 2017	25.80 %	32.36 %	16.73 %
2017	25.80 %	32.36 %	16.73 %
Q1 2018	23.83 %	31.92 %	12.70 %
Q2 2018	23.53 %	31.07 %	10.00 %
Q3 2018	21.52 %	28.97 %	9.13 %
Q4 2018	23.18 %	30.71 %	12.33 %
2018	23.18 %	30.71 %	12.33 %
Q1 2019	25.73 %	32.37 %	16.31 %
Q2 2019	25.72 %	32.31 %	18.23 %
Q3 2019	28.13 %	34.22 %	20.95 %
Q4 2019	29.91 %	36.19 %	24.79 %
2019	29.91 %	36.19 %	24.79 %
Q1 2020	32.47 %	38.20 %	28.14 %
Q2 2020	33.90 %	39.66 %	28.43 %
Q3 2020	34.29 %	40.57 %	29.80 %
Q4 2020	34.76 %	40.73 %	29.26 %
2020	34.76 %	40.73 %	29.26 %
Q1 2021	32.81 %	39.04 %	26.46 %
Q2 2021	34.38 %	40.04 %	28.22 %
Q3 2021	34.86 %	40.29 %	27.24 %
Q4 2021	34.44 %	40.49 %	25.45 %
2021	34.44 %	40.49 %	25.45 %
Q1 2022	32.89 %	39.77 %	22.70 %
Q2 2022	32.14 %	38.78 %	21.39 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2012	49.21 %	54.65 %	45.69 %
2013	42.03 %	47.15 %	37.31 %
2014	41.73 %	50.17 %	34.65 %
2015	41.91 %	48.80 %	35.22 %
2016	33.92 %	41.10 %	26.52 %
2017	25.80 %	32.36 %	16.73 %
2018	23.18 %	30.71 %	12.33 %
2019	29.91 %	36.19 %	24.79 %
2020	34.76 %	40.73 %	29.26 %
2021	34.44 %	40.49 %	25.45 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	48.27 %	54.38 %	46.02 %
Q2 2013	39.57 %	41.72 %	38.07 %
Q3 2013	45.16 %	54.51 %	38.68 %
Q4 2013	34.83 %	38.19 %	25.70 %
Q1 2014	43.00 %	50.05 %	35.43 %
Q2 2014	43.24 %	50.58 %	37.49 %
Q3 2014	38.10 %	47.42 %	28.97 %
Q4 2014	42.20 %	52.29 %	36.07 %
Q1 2015	42.57 %	48.29 %	33.38 %
Q2 2015	42.54 %	47.91 %	36.50 %
Q3 2015	43.17 %	52.19 %	34.73 %
Q4 2015	39.51 %	47.55 %	35.96 %
Q1 2016	38.87 %	42.25 %	35.13 %
Q2 2016	32.05 %	40.29 %	22.80 %
Q3 2016	34.97 %	43.67 %	24.41 %
Q4 2016	29.56 %	38.71 %	22.31 %
Q1 2017	29.79 %	33.21 %	24.92 %
Q2 2017	25.88 %	34.18 %	22.03 %
Q3 2017	26.80 %	36.87 %	11.37 %
Q4 2017	19.80 %	25.90 %	4.94 %
Q1 2018	23.40 %	31.76 %	11.91 %
Q2 2018	24.89 %	31.11 %	12.40 %
Q3 2018	17.43 %	27.10 %	7.27 %
Q4 2018	25.88 %	32.26 %	16.66 %
Q1 2019	31.89 %	37.09 %	25.37 %
Q2 2019	24.88 %	30.92 %	20.02 %
Q3 2019	29.18 %	35.99 %	20.97 %
Q4 2019	32.53 %	39.48 %	30.93 %
Q1 2020	40.02 %	43.59 %	36.42 %
Q2 2020	31.73 %	38.02 %	20.83 %
Q3 2020	30.60 %	39.93 %	26.79 %
Q4 2020	34.13 %	40.01 %	29.00 %
Q1 2021	33.92 %	38.16 %	27.63 %
Q2 2021	37.94 %	42.06 %	29.12 %
Q3 2021	33.08 %	41.13 %	22.27 %
Q4 2021	31.94 %	40.88 %	20.96 %
Q1 2022	26.96 %	34.20 %	16.37 %
Q2 2022	35.73 %	38.81 %	25.10 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2013	86.00	4.56	4.60	23.66
Q2 2013	86.00	4.26	4.30	24.74
Q3 2013	86.00	4.07	4.12	25.56
Q4 2013	86.00	3.59	3.59	26.55
Q1 2014	86.00	4.14	3.21	24.03
Q2 2014	86.00	4.19	3.26	25.04
Q3 2014	86.00	4.06	3.12	25.79
Q4 2014	86.00	4.34	3.41	26.29
Q1 2015	86.00	3.51	3.51	24.72
Q2 2015	86.00	3.64	3.64	25.89
Q3 2015	86.00	3.76	3.76	26.43
Q4 2015	86.00	3.86	3.84	27.35
Q1 2016	86.00	3.88	3.86	25.81
Q2 2016	86.00	3.35	3.33	26.42
Q3 2016	86.00	3.06	3.04	26.90
Q4 2016	86.00	2.64	2.64	26.01
Q1 2017	86.00	2.23	2.23	25.13
Q2 2017	86.00	2.08	2.08	25.52
Q3 2017	86.00	1.76	1.76	25.69
Q4 2017	86.00	1.25	1.25	25.75
Q1 2018	86.00	0.85	0.85	26.07
Q2 2018	86.00	0.66	0.66	25.48
Q3 2018	86.00	0.60	0.60	25.43
Q4 2018	86.00	0.81	0.81	25.60
Q1 2019	86.00	1.15	1.15	26.16
Q2 2019	86.00	1.30	1.30	25.67
Q3 2019	86.00	1.63	1.63	26.02
Q4 2019	86.00	2.10	2.10	28.04
Q1 2020	86.00	2.56	2.56	28.77
Q2 2020	86.00	2.54	2.54	27.67
Q3 2020	86.00	2.61	2.61	28.27
Q4 2020	86.00	2.53	2.53	29.46
Q1 2021	86.00	2.23	2.23	30.34
Q2 2021	86.00	2.60	2.60	28.62
Q3 2021	86.00	2.54	2.54	27.81
Q4 2021	86.00	2.24	2.24	27.93
Q1 2022	86.00	1.85	1.85	27.56
Q2 2022	86.00	1.70	1.70	27.99

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2012	86.00	4.50	4.54	26.35
2013	86.00	3.59	3.59	26.55
2014	86.00	4.34	3.41	26.29
2015	86.00	3.87	3.85	27.35
2016	86.00	2.64	2.64	26.01
2017	86.00	1.25	1.25	25.75
2018	86.00	0.81	0.81	25.60
2019	86.00	2.10	2.10	28.04
2020	86.00	2.53	2.53	29.46
2021	86.00	2.24	2.24	27.93

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2013	12.34	12.22	2.38
Q2 2013	13.79	13.65	2.37
Q3 2013	14.12	13.97	2.25
Q4 2013	16.55	16.55	2.24
Q1 2014	13.87	17.93	2.39
Q2 2014	14.37	18.51	2.41
Q3 2014	15.63	20.33	2.46
Q4 2014	12.74	16.25	2.10
Q1 2015	15.71	15.71	2.23
Q2 2015	12.66	12.66	1.78
Q3 2015	9.94	9.94	1.42
Q4 2015	8.21	8.25	1.16
Q1 2016	8.00	8.05	1.20
Q2 2016	8.97	9.02	1.14
Q3 2016	8.29	8.35	0.94
Q4 2016	13.06	13.06	1.33
Q1 2017	13.12	13.12	1.16
Q2 2017	11.59	11.59	0.95
Q3 2017	13.71	13.71	0.94
Q4 2017	21.18	21.18	1.02
Q1 2018	29.65	29.65	0.97
Q2 2018	37.30	37.30	0.97
Q3 2018	33.68	33.68	0.80
Q4 2018	25.55	25.55	0.81
Q1 2019	21.00	21.00	0.93
Q2 2019	23.15	23.15	1.18
Q3 2019	20.83	20.83	1.30
Q4 2019	17.13	17.13	1.28
Q1 2020	11.03	11.03	0.98
Q2 2020	11.47	11.47	1.05
Q3 2020	13.41	13.41	1.24
Q4 2020	16.29	16.29	1.40
Q1 2021	23.26	23.26	1.71
Q2 2021	18.82	18.82	1.71
Q3 2021	19.67	19.67	1.80
Q4 2021	19.60	19.60	1.57
Q1 2022	26.51	26.51	1.78
Q2 2022	26.99	26.99	1.64

Period	P/E	Adjusted P/E	Price/book
2012	12.79	12.66	2.18
2013	16.55	16.55	2.24
2014	12.74	16.25	2.10
2015	8.19	8.24	1.16
2016	13.06	13.06	1.33
2017	21.18	21.18	1.02
2018	25.55	25.55	0.81
2019	17.13	17.13	1.28
2020	16.29	16.29	1.40
2021	19.60	19.60	1.57

Business Segments (Million)

Compared With The

Period	Cement	Ready-mixed Concrete	Construction support business	elimination
Q1 2013	216.34	16.81	4.70	-
Q2 2013	186.01	12.24	5.14	-
Q3 2013	155.15	18.27	1.49	-
Q4 2013	192.22	19.89	0.46	-
Q1 2014	195.12	2.88	16.61	-
Q2 2014	196.02	30.34	-	-
Q3 2014	145.32	43.77	3.99	-
Q4 2014	188.96	41.70	-	-
Q1 2015	204.72	48.51	1.25	-
Q2 2015	195.96	57.46	0.73	-
Q3 2015	141.41	49.49	1.22	-
Q4 2015	195.22	41.42	2.58	-
Q1 2016	191.97	53.32	-	-
Q2 2016	153.40	54.13	-	-
Q3 2016	103.72	68.46	-	-
Q4 2016	147.17	84.42	-	-
Q1 2017	130.20	72.08	-	-
Q2 2017	95.77	63.61	-	-
Q3 2017	80.20	41.89	-	-
Q4 2017	118.87	38.00	-	-
Q1 2018	102.98	35.67	-	-
Q2 2018	100.85	50.77	-	-
Q3 2018	80.01	42.02	-	-
Q4 2018	119.43	34.01	-	-
Q1 2019	150.03	31.16	-	-
Q2 2019	119.55	39.21	-	-
Q3 2019	146.01	27.83	-	-
Q4 2019	194.13	20.87	-	-
Q1 2020	208.18	25.85	-	-
Q2 2020	136.58	11.19	-	(1.50)
Q3 2020	144.71	15.24	-	(0.86)
Q4 2020	168.80	35.75	-	(1.52)
Q1 2021	188.05	29.95	-	(1.30)
Q2 2021	177.07	36.66	-	(1.33)
Q3 2021	137.29	32.78	-	(0.70)
Q4 2021	127.27	32.49	-	(0.48)
Q1 2022	126.49	34.25	-	-
Q2 2022	135.31	60.50	-	-

Period	Cement	Ready-mixed Concrete	Construction support business	elimination
2012	779.06	33.66	42.16	-
2013	749.72	67.21	11.79	-
2014	725.42	118.68	1.02	-
2015	737.31	196.87	5.78	-
2016	596.26	260.33	-	-
2017	425.03	215.58	-	-
2018	403.28	162.47	-	-
2019	609.72	119.08	-	-
2020	658.28	88.03	-	(3.88)
2021	629.68	131.87	-	(3.81)

Analysts Estimates (Million)

Item	Q2 2022 (e)	Q2 2022 (a)	Change‬
Average	28.83	49.16	70.51 %

Estimates vs Actual (Million)

Item	Q2 2022 (e)	Q2 2022 (a)	Change
Hermes	34.00	49.16	44.6 %
SNB Capital	32.00	49.16	53.6 %
OSOOL AND BAKHEET	29.24	49.16	68.1 %
AlJazira Capital	25.90	49.16	89.8 %
Sico	23.00	49.16	113.7 %

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Eastern Cement’s H1 2022 net profit declines 41% to SAR 72 mln; Q2 at SAR 43 mln

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Eastern Province Cement Co. (EPCCO)

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Eastern Cement’s H1 2022 net profit declines 41% to SAR 72 mln; Q2 at SAR 43 mln

Financials (M)

Current Quarter Comparison (M)

View other reports

Share Price

Eastern Province Cement Co. (EPCCO)

Financial Ratios

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

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