Riyadh Cement net profit rises 16% to SAR 220 mln in 2020

Riyadh Cement net profit rises 16% to SAR 220 mln in 2020

24/03/2021 Argaam Exclusive

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Riyadh Cement Co. reported a net profit after Zakat and tax of SAR 220 million for 2020, an increase of 16% from SAR 190 million a year earlier.

 

The profit growth was driven by lower operating expenses, finance charges, and higher sales volumes despite a decline in average selling prices.



Financials (M)

Item 2019 2020 Change‬
Revenues 594.00 590.29 (0.6 %)
Gross Income 229.88 254.10 10.5 %
Operating Income 206.12 226.89 10.1 %
Net Income 190.04 219.95 15.7 %
Average Shares 120.00 120.00 -
EPS (Riyals) 1.58 1.83 15.7 %

Total shareholders’ equity, excluding minority interest, edged down 1.10% year-on-year (YoY) to SAR 1.723 billion in 2020.




Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2011 - - - - - -
H2 2011 - - - - - -
H1 2012 - - - - - -
H2 2012 - - - - - -
H1 2013 - - - - - -
H2 2013 - - - - - -
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 125.08 - 44.45 - 37.72 -
H2 2019 - - - - - -
H1 2020 101.97 (18.5 %) 42.58 (4.2 %) 37.32 (1.1 %)
H2 2020 - - - - - -
2020 590.29 (0.6 %) 254.10 10.5 % 226.89 10.1 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
H1 2011 - - - - - -
H2 2011 - - - - - -
H1 2012 - - - - - -
H2 2012 - - - - - -
H1 2013 - - - - - -
H2 2013 - - - - - -
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 35.76 - 0.30 - 35.76 0.30
H2 2019 - - - - - -
H1 2020 35.16 (1.7 %) 0.29 - 35.16 0.29
H2 2020 - - - - - -
2020 219.95 15.7 % 1.83 - 219.95 1.83

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2011 - - -
H2 2011 - - -
H1 2012 - - -
H2 2012 - - -
H1 2013 - - -
H2 2013 - - -
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
2020 43.05 % 55.76 % 37.26 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
H1 2011 - - - -
H2 2011 - - - -
H1 2012 - - - -
H2 2012 - - - -
H1 2013 - - - -
H2 2013 - - - -
H1 2014 - - - -
H2 2014 - - - -
H1 2015 - - - -
H2 2015 - - - -
H1 2016 - - - -
H2 2016 - - - -
H1 2017 - - - -
H2 2017 - - - -
H1 2018 - - - -
H2 2018 - - - -
H1 2019 120.00 - - 14.02
H2 2019 - - - -
H1 2020 120.00 - - 14.26
H2 2020 - - - -

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
H1 2011 - - -
H2 2011 - - -
H1 2012 - - -
H2 2012 - - -
H1 2013 - - -
H2 2013 - - -
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -

Business Segments (Million)

Compared With The
Period Grey Cement White Cement


Financial Ratios
Current
Market Cap (M Riyal) 3,888.00
Enterprise Value (EV) (M) 3,786.07
Shares Outstanding ((M)) 120.00
Book Value (BV) ( Riyal) 14.00
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 20.60
Price/book 2.31
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