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

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

08/09/2020 Argaam Exclusive

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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 Quarter Comparison (M)

Compared With The
Item Q2 2019 Q2 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 Net Income Change EPS(Riyal)
Q1 2011 - - - - - - -
Q2 2011 - - - - - - -
Q3 2011 - - - - - - -
Q4 2011 - - - - - - -
Q1 2012 - - - - - - -
Q2 2012 - - - - - - -
Q3 2012 - - - - - - -
Q4 2012 - - - - - - -
Q1 2013 - - - - - - -
Q2 2013 - - - - - - -
Q3 2013 - - - - - - -
Q4 2013 - - - - - - -
Q1 2014 - - - - - - -
Q2 2014 - - - - - - -
Q3 2014 - - - - - - -
Q4 2014 - - - - - - -
Q1 2015 - - - - - - -
Q2 2015 - - - - - - -
Q3 2015 - - - - - - -
Q4 2015 - - - - - - -
Q1 2016 - - - - - - -
Q2 2016 - - - - - - -
Q3 2016 - - - - - - -
Q4 2016 - - - - - - -
Q1 2017 - - - - - - -
Q2 2017 - - - - - - -
Q3 2017 - - - - - - -
Q4 2017 - - - - - - -
Q1 2018 - - - - - - -
Q2 2018 - - - - - - -
Q3 2018 - - - - - - -
Q4 2018 - - - - - - -
Q1 2019 141.82 - 44.12 - 36.36 - 0.30
Q2 2019 125.08 - 44.45 - 35.76 - 0.30
Q3 2019 - - - - - - -
Q4 2019 - - - - - - -
Q1 2020 196.91 38.8 % 92.47 109.6 % 86.17 137.0 % 0.72
Q2 2020 101.97 (18.5 %) 42.58 (4.2 %) 35.16 (1.7 %) 0.29

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2011 - - -
Q2 2011 - - -
Q3 2011 - - -
Q4 2011 - - -
Q1 2012 - - -
Q2 2012 - - -
Q3 2012 - - -
Q4 2012 - - -
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 - - -
Q2 2017 - - -
Q3 2017 - - -
Q4 2017 - - -
Q1 2018 - - -
Q2 2018 - - -
Q3 2018 - - -
Q4 2018 - - -
Q1 2019 - - -
Q2 2019 - - -
Q3 2019 - - -
Q4 2019 - - -
Q1 2020 - - -
Q2 2020 - - -


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2011 - - - -
Q2 2011 - - - -
Q3 2011 - - - -
Q4 2011 - - - -
Q1 2012 - - - -
Q2 2012 - - - -
Q3 2012 - - - -
Q4 2012 - - - -
Q1 2013 - - - -
Q2 2013 - - - -
Q3 2013 - - - -
Q4 2013 - - - -
Q1 2014 - - - -
Q2 2014 - - - -
Q3 2014 - - - -
Q4 2014 - - - -
Q1 2015 - - - -
Q2 2015 - - - -
Q3 2015 - - - -
Q4 2015 - - - -
Q1 2016 - - - -
Q2 2016 - - - -
Q3 2016 - - - -
Q4 2016 - - - -
Q1 2017 - - - -
Q2 2017 - - - -
Q3 2017 - - - -
Q4 2017 - - - -
Q1 2018 - - - -
Q2 2018 - - - -
Q3 2018 - - - -
Q4 2018 - - - -
Q1 2019 120.00 - - -
Q2 2019 120.00 - - 14.02
Q3 2019 - - - -
Q4 2019 - - - -
Q1 2020 120.00 - - -
Q2 2020 120.00 - - 14.26

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2011 - - -
Q2 2011 - - -
Q3 2011 - - -
Q4 2011 - - -
Q1 2012 - - -
Q2 2012 - - -
Q3 2012 - - -
Q4 2012 - - -
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 - - -
Q3 2016 - - -
Q4 2016 - - -
Q1 2017 - - -
Q2 2017 - - -
Q3 2017 - - -
Q4 2017 - - -
Q1 2018 - - -
Q2 2018 - - -
Q3 2018 - - -
Q4 2018 - - -
Q1 2019 - - -
Q2 2019 - - -
Q3 2019 - - -
Q4 2019 - - -
Q1 2020 - - -
Q2 2020 - - -

Business Segments (Million)

Compared With The
Period Grey Cement White Cement


Financial Ratios
Current
Market Cap (M Riyal) 3,042.00
Enterprise Value (EV) (M) 2,940.07
Shares Outstanding ((M)) 120.00
Book Value (BV) ( Riyal) 14.00
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 16.11
Price/book 1.81
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Share Price

Riyadh Cement Co.
25.35
(0.05) (0.20 %)

Riyadh Cement Co. (RIYADH CEMENT)

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