Riyadh Cement’s net profit up 32% to SAR 160.4 mln in H1 2021

Riyadh Cement’s net profit up 32% to SAR 160.4 mln in H1 2021

07/09/2021 Argaam Exclusive

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Riyadh Cement Co. reported a net profit after Zakat and tax of SAR 160.4 million in H1 2021, rising 32%, from SAR 121.3 million in the prior-year period.



Financials (M)

Item 6m 2020 6m 2021 Change‬
Revenues 298.88 401.44 34.3 %
Gross Income 135.05 184.82 36.9 %
Operating Income 124.78 173.09 38.7 %
Net Income 121.33 160.39 32.2 %
Average Shares 120.00 120.00 -
EPS (Riyals) 1.01 1.34 32.2 %

The profit increase was mainly driven by higher gross sales year-on-year (YoY), despite increased Zakat expenses.




Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 - - - - - -
H1 2021 - - - - - -


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
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 - - - - - -
H1 2021 - - - - - -

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 - - -
H1 2021 - - -


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
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 - - - -
H1 2021 - - - -

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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 - - -
H1 2021 - - -

Business Segments (Million)

Compared With The
Period Grey Cement White Cement

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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