Saudi White Cement’s H1 2020 net profit rises 68% to SAR 121 mln

08/09/2020 Argaam Exclusive

View other reports

Saudi White Cement Co. reported a net profit after Zakat and tax of SAR 121.3 million in the first half of 2020, compared to SAR 72.1 million in the same period last year.

Financials (M)

Item	6m 2019	6m 2020	Change‬
Revenues	266.90	298.88	12.0 %
Gross Income	88.58	135.05	52.5 %
Operating Income	76.88	124.78	62.3 %
Net Income	72.13	121.33	68.2 %
Average Shares	120.00	120.00	-
EPS (Riyals)	0.60	1.01	68.2 %

The company attributed the increase to higher revenue, lower financing costs and decline in general and administrative expenses despite an increase in Zakat provision.

Current Half Annual Comparison (M)

Compared With The

Item	H1 2019	H1 2020	Change‬
Revenues	125.08	101.97	(18.5 %)
Gross Income	44.45	42.58	(4.2 %)
Operating Income	37.72	37.32	(1.1 %)
Net Income	35.76	35.16	(1.7 %)
Average Shares	120.00	120.00	-
EPS (Riyals)	0.30	0.29	(1.7 %)

Total shareholders' equity after deducting minority equity fell 1.83% year-on-year (YoY) to SAR 1.71 billion in H1 2020.

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
H1 2011	-	-	-	-	-	-
H2 2011	-	-	-	-	-	-
2011	874.67	690.4 %	411.25	716.9 %	375.84	768.8 %
H1 2012	-	-	-	-	-	-
H2 2012	-	-	-	-	-	-
2012	1,000.68	14.4 %	532.87	29.6 %	497.19	32.3 %
H1 2013	-	-	-	-	-	-
H2 2013	-	-	-	-	-	-
2013	899.96	(10.1 %)	518.00	(2.8 %)	491.50	(1.1 %)
H1 2014	-	-	-	-	-	-
H2 2014	-	-	-	-	-	-
2014	943.85	4.9 %	495.66	(4.3 %)	461.05	(6.2 %)
H1 2015	-	-	-	-	-	-
H2 2015	-	-	-	-	-	-
2015	874.58	(7.3 %)	443.24	(10.6 %)	408.91	(11.3 %)
H1 2016	-	-	-	-	-	-
H2 2016	-	-	-	-	-	-
2016	801.36	(8.4 %)	341.13	(23.0 %)	310.82	(24.0 %)
H1 2017	-	-	-	-	-	-
H2 2017	-	-	-	-	-	-
2017	554.39	(30.8 %)	217.52	(36.2 %)	186.52	(40.0 %)
H1 2018	-	-	-	-	-	-
H2 2018	-	-	-	-	-	-
2018	393.68	(29.0 %)	100.18	(53.9 %)	80.48	(56.9 %)
H1 2019	125.08	-	44.45	-	37.72	-
H2 2019	-	-	-	-	-	-
2019	594.00	50.9 %	229.88	129.5 %	206.12	156.1 %
H1 2020	101.97	(18.5 %)	42.58	(4.2 %)	37.32	(1.1 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2010	110.66	18.0 %	50.35	19.7 %	43.26	16.9 %
2011	874.67	690.4 %	411.25	716.9 %	375.84	768.8 %
2012	1,000.68	14.4 %	532.87	29.6 %	497.19	32.3 %
2013	899.96	(10.1 %)	518.00	(2.8 %)	491.50	(1.1 %)
2014	943.85	4.9 %	495.66	(4.3 %)	461.05	(6.2 %)
2015	874.58	(7.3 %)	443.24	(10.6 %)	408.91	(11.3 %)
2016	801.36	(8.4 %)	341.13	(23.0 %)	310.82	(24.0 %)
2017	554.39	(30.8 %)	217.52	(36.2 %)	186.52	(40.0 %)
2018	393.68	(29.0 %)	100.18	(53.9 %)	80.48	(56.9 %)
2019	594.00	50.9 %	229.88	129.5 %	206.12	156.1 %

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	-	-	-	-	-	-
2011	359.71	911.0 %	3.00	11.25	348.46	2.90
H1 2012	-	-	-	-	-	-
H2 2012	-	-	-	-	-	-
2012	460.83	28.1 %	3.84	-	460.83	3.84
H1 2013	-	-	-	-	-	-
H2 2013	-	-	-	-	-	-
2013	445.32	(3.4 %)	3.71	-	445.32	3.71
H1 2014	-	-	-	-	-	-
H2 2014	-	-	-	-	-	-
2014	425.78	(4.4 %)	3.55	-	425.78	3.55
H1 2015	-	-	-	-	-	-
H2 2015	-	-	-	-	-	-
2015	387.83	(8.9 %)	3.23	-	387.83	3.23
H1 2016	-	-	-	-	-	-
H2 2016	-	-	-	-	-	-
2016	291.14	(24.9 %)	2.43	-	291.14	2.43
H1 2017	-	-	-	-	-	-
H2 2017	-	-	-	-	-	-
2017	167.82	(42.4 %)	1.40	-	167.82	1.40
H1 2018	-	-	-	-	-	-
H2 2018	-	-	-	-	-	-
2018	66.18	(60.6 %)	0.55	-	66.18	0.55
H1 2019	35.76	-	0.30	-	35.76	0.30
H2 2019	-	-	-	-	-	-
2019	190.04	187.2 %	1.58	-	190.04	1.58
H1 2020	35.16	(1.7 %)	0.29	-	35.16	0.29

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2010	35.58	10.9 %	0.30	-	35.58	0.30
2011	359.71	911.0 %	3.00	11.25	348.46	2.90
2012	460.83	28.1 %	3.84	-	460.83	3.84
2013	445.32	(3.4 %)	3.71	-	445.32	3.71
2014	425.78	(4.4 %)	3.55	-	425.78	3.55
2015	387.83	(8.9 %)	3.23	-	387.83	3.23
2016	291.14	(24.9 %)	2.43	-	291.14	2.43
2017	167.82	(42.4 %)	1.40	-	167.82	1.40
2018	66.18	(60.6 %)	0.55	-	66.18	0.55
2019	190.04	187.2 %	1.58	-	190.04	1.58

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
H1 2011	-	-	-
H2 2011	-	-	-
2011	47.02 %	55.21 %	39.84 %
H1 2012	-	-	-
H2 2012	-	-	-
2012	53.25 %	60.60 %	46.05 %
H1 2013	-	-	-
H2 2013	-	-	-
2013	57.56 %	67.11 %	49.48 %
H1 2014	-	-	-
H2 2014	-	-	-
2014	52.52 %	61.47 %	45.11 %
H1 2015	-	-	-
H2 2015	-	-	-
2015	50.68 %	60.39 %	44.34 %
H1 2016	-	-	-
H2 2016	-	-	-
2016	42.57 %	54.38 %	36.33 %
H1 2017	-	-	-
H2 2017	-	-	-
2017	39.24 %	47.94 %	30.27 %
H1 2018	-	-	-
H2 2018	-	-	-
2018	25.45 %	41.08 %	16.81 %
H1 2019	-	-	-
H2 2019	-	-	-
2019	38.70 %	49.72 %	31.99 %
H1 2020	-	-	-

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2010	45.50 %	48.32 %	32.15 %
2011	47.02 %	55.21 %	39.84 %
2012	53.25 %	60.60 %	46.05 %
2013	57.56 %	67.11 %	49.48 %
2014	52.52 %	61.47 %	45.11 %
2015	50.68 %	60.39 %	44.34 %
2016	42.57 %	54.38 %	36.33 %
2017	39.24 %	47.94 %	30.27 %
2018	25.45 %	41.08 %	16.81 %
2019	38.70 %	49.72 %	31.99 %

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	35.54 %	-	28.59 %
H2 2019	-	-	-
H1 2020	41.76 %	-	34.48 %

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

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2010	120.00	0.30	0.30	3.14
2011	120.00	3.00	2.90	13.51
2012	120.00	3.84	3.84	14.49
2013	120.00	3.71	3.71	14.69
2014	120.00	3.55	3.55	14.73
2015	120.00	3.23	3.23	14.45
2016	120.00	2.43	2.43	14.11
2017	120.00	1.40	1.40	13.86
2018	120.00	0.55	0.55	13.92
2019	120.00	1.58	1.58	14.52

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	-	-	-

Period	P/E	Adjusted P/E	Price/book
2010	-	-	-
2011	-	-	-
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	-	-	-

Business Segments (Million)

Compared With The

Period	Grey Cement	White Cement

Period	Grey Cement	White Cement
2014	755.02	188.83
2015	689.12	185.46
2016	661.42	139.94
2017	439.28	115.11
2018	275.75	117.93
2019	482.66	111.34

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

Riyadh Cement Co. (RIYADH CEMENT)

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Saudi White Cement’s H1 2020 net profit rises 68% to SAR 121 mln

View other reports

Financials (M)

Current Half Annual Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Business Segments (Million)

Revenue by Business Segment (Latest) 2020 Q2

Financial Ratios

Share Price

Riyadh Cement Co. (RIYADH CEMENT)

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

×

Saudi White Cement’s H1 2020 net profit rises 68% to SAR 121 mln

View other reports

Financials (M)

Current Half Annual Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Business Segments (Million) 2020

Revenue by Business Segment (Latest) 2020 Q2

Financial Ratios

Share Price

Riyadh Cement Co. (RIYADH CEMENT)

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Business Segments (Million)