Arabian Cement's 2014 net profit up 236% to SAR 646.4 mln

20/01/2015 Argaam Exclusive

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Arabian Cement Company, the first cement company in Saudi Arabia, reported 2014’s net profit of SAR 646.4, a 236 percent increase compared to the last year.

Financials (M)

Item	2013	2014	Change‬
Revenues	1,365.12	1,719.59	26.0 %
Gross Income	542.27	730.60	34.7 %
Operating Income	497.66	675.54	35.7 %
Net Income	192.09	645.43	236.0 %
Average Shares	100.00	100.00	-
EPS (Riyals)	1.92	6.45	236.0 %

A net profit of SAR 145.6 million was reported for Q4-2014 compared to SAR 133.9 million in Q3.

The company attributed the increase of 2014’s net profit, compared to the last year, to:

1) Increase of sales revenue: SAR 1,720 million this period compared to SAR 1,365 million for the same period previous year (growth of 26%).

2) Subsidiary company performance improvement as a result of prevailing sales prices increase in the Jordanian Market.

3) Recording Impairment Loss of SAR 291 million related to the subsidiary Company in Jordan on the same period previous year.

4) Intangible assets write-off of SAR 14.5 million in the same period previous year.

The increase of Q4-2014’s net profit compared to the same period last year was attributed to:

1) Increase of sales revenue: SAR 430 mln this quarter compared to SAR 349 million for the same quarter previous year (growth of 23%)

2) Subsidiary company performance improvement as a result of prevailing sales prices increase in the Jordanian Market

3) Recording impairment loss of SAR 212 million related to the subsidiary Company in Jordan on the same quarter previous year.

The increase of Q4-2014’s net profit compared to the previous period (Q3-2014) was attributed to the increase of sales revenue: SAR 430 million this quarter compared to SAR 386 million for previous quarter (Growth of 11%).

Current Quarter Comparison (M)

Compared With The

Item	Q4 2013	Q4 2014	Change‬
Revenues	348.97	430.23	23.3 %
Gross Income	133.24	171.18	28.5 %
Operating Income	119.96	153.27	27.8 %
Net Income	(106.67)	144.55	235.5 %
Average Shares	100.00	100.00	-
EPS (Riyals)	(1.07)	1.45	235.5 %

Item	Q3 2014	Q4 2014	Change‬
Revenues	386.34	430.23	11.4 %
Gross Income	154.24	171.18	11.0 %
Operating Income	143.28	153.27	7.0 %
Net Income	133.94	144.55	7.9 %
Average Shares	100.00	100.00	-
EPS (Riyals)	1.34	1.45	7.9 %

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2005	163.44	21.9 %	78.01	33.4 %	70.06	40.8 %
Q2 2005	179.25	20.0 %	98.20	38.8 %	90.21	46.8 %
Q3 2005	177.01	9.8 %	95.07	19.3 %	87.13	24.0 %
Q4 2005	167.53	24.8 %	77.27	41.1 %	65.93	59.1 %
2005	687.23	18.7 %	348.55	32.2 %	313.33	40.6 %
Q1 2006	182.24	11.5 %	97.27	24.7 %	88.74	26.7 %
Q2 2006	199.23	11.2 %	105.78	7.7 %	98.96	9.7 %
Q3 2006	183.29	3.5 %	88.13	(7.3 %)	77.46	(11.1 %)
Q4 2006	183.08	9.3 %	81.47	5.4 %	58.84	(10.8 %)
2006	747.85	8.8 %	372.65	6.9 %	324.00	3.4 %
Q1 2007	183.08	0.5 %	97.31	0.0 %	87.88	(1.0 %)
Q2 2007	191.37	(3.9 %)	108.68	2.7 %	100.68	1.7 %
Q3 2007	183.40	0.1 %	115.18	30.7 %	103.78	34.0 %
Q4 2007	163.73	(10.6 %)	90.56	11.1 %	81.85	39.1 %
2007	721.57	(3.5 %)	411.73	10.5 %	374.19	15.5 %
Q1 2008	209.44	14.4 %	121.73	25.1 %	110.30	25.5 %
Q2 2008	189.13	(1.2 %)	112.28	3.3 %	99.12	(1.5 %)
Q3 2008	174.15	(5.0 %)	77.59	(32.6 %)	65.73	(36.7 %)
Q4 2008	148.59	(9.2 %)	67.74	(25.2 %)	51.82	(36.7 %)
2008	721.31	0.0 %	379.34	(7.9 %)	326.97	(12.6 %)
Q1 2009	203.86	(2.7 %)	115.31	(5.3 %)	103.38	(6.3 %)
Q2 2009	191.04	1.0 %	99.37	(11.5 %)	87.51	(11.7 %)
Q3 2009	162.84	(6.5 %)	88.09	13.5 %	77.70	18.2 %
Q4 2009	179.30	20.7 %	87.44	29.1 %	72.38	39.7 %
2009	737.03	2.2 %	390.22	2.9 %	340.96	4.3 %
Q1 2010	201.72	(1.0 %)	90.03	(21.9 %)	80.63	(22.0 %)
Q2 2010	194.43	1.8 %	95.19	(4.2 %)	86.14	(1.6 %)
Q3 2010	164.23	0.9 %	89.54	1.6 %	78.47	1.0 %
Q4 2010	184.21	2.7 %	44.17	(49.5 %)	25.51	(64.8 %)
2010	744.59	1.0 %	318.93	(18.3 %)	270.75	(20.6 %)
Q1 2011	230.10	14.1 %	133.97	48.8 %	121.67	50.9 %
Q2 2011	302.99	55.8 %	139.30	46.3 %	127.53	48.1 %
Q3 2011	277.72	69.1 %	125.69	40.4 %	114.29	45.7 %
Q4 2011	267.76	45.4 %	104.89	137.5 %	88.37	246.4 %
2011	1,078.56	44.9 %	503.86	58.0 %	451.86	66.9 %
Q1 2012	355.12	54.3 %	174.38	30.2 %	151.67	24.7 %
Q2 2012	369.30	21.9 %	173.23	24.4 %	162.44	27.4 %
Q3 2012	337.90	21.7 %	98.58	(21.6 %)	89.92	(21.3 %)
Q4 2012	308.32	15.1 %	91.15	(13.1 %)	77.65	(12.1 %)
2012	1,370.64	27.1 %	537.34	6.6 %	481.68	6.6 %
Q1 2013	352.30	(0.8 %)	169.10	(3.0 %)	158.45	4.5 %
Q2 2013	373.42	1.1 %	144.75	(16.4 %)	133.89	(17.6 %)
Q3 2013	290.44	(14.0 %)	95.19	(3.4 %)	85.36	(5.1 %)
Q4 2013	348.97	13.2 %	133.24	46.2 %	119.96	54.5 %
2013	1,365.12	(0.4 %)	542.27	0.9 %	497.66	3.3 %
Q1 2014	422.47	19.9 %	177.44	4.9 %	166.04	4.8 %
Q2 2014	480.55	28.7 %	227.74	57.3 %	212.95	59.0 %
Q3 2014	386.34	33.0 %	154.24	62.0 %	143.28	67.9 %
Q4 2014	430.23	23.3 %	171.18	28.5 %	153.27	27.8 %
2014	1,719.59	26.0 %	730.60	34.7 %	675.54	35.7 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2005	687.23	18.7 %	348.55	32.2 %	313.33	40.6 %
2006	747.85	8.8 %	372.65	6.9 %	324.00	3.4 %
2007	721.57	(3.5 %)	411.73	10.5 %	374.19	15.5 %
2008	721.31	0.0 %	379.34	(7.9 %)	326.97	(12.6 %)
2009	737.03	2.2 %	390.22	2.9 %	340.96	4.3 %
2010	744.59	1.0 %	318.93	(18.3 %)	270.75	(20.6 %)
2011	1,078.56	44.9 %	503.86	58.0 %	451.86	66.9 %
2012	1,370.64	27.1 %	537.34	6.6 %	481.68	6.6 %
2013	1,365.12	(0.4 %)	542.27	0.9 %	497.66	3.3 %
2014	1,719.59	26.0 %	730.60	34.7 %	675.54	35.7 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2005	69.14	14.9 %	0.74	-	69.14	0.74
Q2 2005	96.72	(26.6 %)	1.03	-	96.72	1.03
Q3 2005	86.14	24.8 %	0.92	-	86.14	0.92
Q4 2005	78.85	74.0 %	0.84	-	78.85	0.84
2005	330.85	8.0 %	3.53	-	330.85	3.53
Q1 2006	89.53	29.5 %	0.96	-	89.53	0.96
Q2 2006	102.67	6.2 %	1.10	-	102.67	1.10
Q3 2006	82.23	(4.5 %)	0.88	-	82.23	0.88
Q4 2006	59.14	(25.0 %)	0.63	-	59.14	0.63
2006	333.58	0.8 %	3.56	-	333.58	3.56
Q1 2007	93.23	4.1 %	1.00	-	93.23	1.00
Q2 2007	102.26	(0.4 %)	1.09	-	102.26	1.09
Q3 2007	110.66	34.6 %	1.18	-	110.66	1.18
Q4 2007	86.02	45.4 %	0.92	-	86.02	0.92
2007	392.17	17.6 %	4.19	-	392.17	4.19
Q1 2008	115.26	23.6 %	1.15	-	115.26	1.15
Q2 2008	90.38	(11.6 %)	0.90	-	90.38	0.90
Q3 2008	71.77	(35.1 %)	0.72	-	71.77	0.72
Q4 2008	46.76	(45.6 %)	0.47	-	46.76	0.47
2008	324.17	(17.3 %)	3.24	-	324.17	3.24
Q1 2009	103.78	(10.0 %)	1.04	-	103.78	1.04
Q2 2009	82.65	(8.6 %)	0.83	-	82.65	0.83
Q3 2009	72.82	1.5 %	0.73	-	72.82	0.73
Q4 2009	(87.23)	(286.5 %)	(0.87)	(131.00)	43.77	0.44
2009	172.02	(46.9 %)	1.72	(131.00)	303.02	3.03
Q1 2010	81.74	(21.2 %)	0.82	-	81.74	0.82
Q2 2010	81.17	(1.8 %)	0.81	-	81.17	0.81
Q3 2010	81.68	12.2 %	0.82	-	81.68	0.82
Q4 2010	10.85	112.4 %	0.11	(12.45)	23.30	0.23
2010	255.44	48.5 %	2.55	(12.45)	267.89	2.68
Q1 2011	116.02	41.9 %	1.16	-	116.02	1.16
Q2 2011	111.75	37.7 %	1.12	-	111.75	1.12
Q3 2011	104.92	28.5 %	1.05	-	104.92	1.05
Q4 2011	70.35	548.4 %	0.70	(1.57)	71.92	0.72
2011	407.23	59.4 %	4.07	(1.57)	408.80	4.09
Q1 2012	146.14	26.0 %	1.46	-	146.14	1.46
Q2 2012	71.93	(35.6 %)	0.72	(86.80)	158.73	1.59
Q3 2012	87.03	(17.1 %)	0.87	-	87.03	0.87
Q4 2012	82.33	17.0 %	0.82	-	82.33	0.82
2012	387.43	(4.9 %)	3.87	(86.80)	474.23	4.74
Q1 2013	157.26	7.6 %	1.57	-	157.26	1.57
Q2 2013	124.65	73.3 %	1.25	(14.54)	139.19	1.39
Q3 2013	16.85	(80.6 %)	0.17	(79.34)	96.18	0.96
Q4 2013	(106.67)	(229.6 %)	(1.07)	(212.15)	105.48	1.05
2013	192.09	(50.4 %)	1.92	(306.02)	498.11	4.98
Q1 2014	167.14	6.3 %	1.67	-	167.14	1.67
Q2 2014	199.80	60.3 %	2.00	-	199.80	2.00
Q3 2014	133.94	695.0 %	1.34	-	133.94	1.34
Q4 2014	144.55	235.5 %	1.45	-	144.55	1.45
2014	645.43	236.0 %	6.45	-	645.43	6.45

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2005	330.85	8.0 %	3.53	-	330.85	3.53
2006	333.58	0.8 %	3.56	-	333.58	3.56
2007	392.17	17.6 %	4.19	-	392.17	4.19
2008	324.17	(17.3 %)	3.24	-	324.17	3.24
2009	172.02	(46.9 %)	1.72	(131.00)	303.02	3.03
2010	255.44	48.5 %	2.55	(12.45)	267.89	2.68
2011	407.23	59.4 %	4.07	(1.57)	408.80	4.09
2012	387.43	(4.9 %)	3.87	(86.80)	474.23	4.74
2013	192.09	(50.4 %)	1.92	(306.02)	498.11	4.98
2014	645.43	236.0 %	6.45	-	645.43	6.45

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2005	46.58 %	52.82 %	51.85 %
Q2 2005	48.69 %	53.46 %	43.92 %
Q3 2005	49.86 %	55.00 %	45.47 %
Q4 2005	50.72 %	56.96 %	48.14 %
2005	50.72 %	56.96 %	48.14 %
Q1 2006	52.10 %	58.14 %	49.75 %
Q2 2006	51.70 %	58.73 %	49.20 %
Q3 2006	50.31 %	56.70 %	48.24 %
Q4 2006	49.83 %	54.15 %	44.61 %
2006	49.83 %	54.15 %	44.61 %
Q1 2007	49.78 %	54.08 %	45.05 %
Q2 2007	50.70 %	53.99 %	45.47 %
Q3 2007	54.34 %	55.63 %	49.30 %
Q4 2007	57.06 %	58.66 %	54.35 %
2007	57.06 %	58.66 %	54.35 %
Q1 2008	58.31 %	59.63 %	55.38 %
Q2 2008	58.97 %	58.99 %	53.95 %
Q3 2008	54.61 %	56.51 %	49.35 %
Q4 2008	52.59 %	53.83 %	44.94 %
2008	52.59 %	53.83 %	44.94 %
Q1 2009	52.11 %	53.21 %	43.69 %
Q2 2009	50.17 %	54.59 %	42.49 %
Q3 2009	52.46 %	58.48 %	43.32 %
Q4 2009	52.94 %	61.16 %	41.11 %
2009	52.94 %	61.16 %	41.11 %
Q1 2010	49.66 %	60.00 %	38.23 %
Q2 2010	48.86 %	59.78 %	37.86 %
Q3 2010	48.97 %	59.93 %	38.99 %
Q4 2010	42.83 %	53.17 %	35.98 %
2010	42.83 %	53.17 %	35.98 %
Q1 2011	46.95 %	56.30 %	39.09 %
Q2 2011	46.17 %	55.86 %	37.75 %
Q3 2011	44.54 %	54.78 %	35.78 %
Q4 2011	46.72 %	57.34 %	37.51 %
2011	46.72 %	57.34 %	37.90 %
Q1 2012	45.22 %	55.28 %	36.12 %
Q2 2012	45.53 %	53.52 %	37.93 %
Q3 2012	41.43 %	48.18 %	34.87 %
Q4 2012	39.20 %	48.50 %	34.60 %
2012	39.20 %	48.50 %	34.60 %
Q1 2013	38.90 %	48.96 %	35.48 %
Q2 2013	36.71 %	48.19 %	33.95 %
Q3 2013	37.77 %	50.58 %	35.86 %
Q4 2013	39.72 %	49.70 %	36.49 %
2013	39.72 %	49.70 %	36.49 %
Q1 2014	38.36 %	47.67 %	35.39 %
Q2 2014	41.08 %	49.41 %	36.86 %
Q3 2014	42.28 %	49.87 %	37.01 %
Q4 2014	42.49 %	49.49 %	37.53 %
2014	42.49 %	49.49 %	37.53 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2005	50.72 %	56.96 %	48.14 %
2006	49.83 %	54.15 %	44.61 %
2007	57.06 %	58.66 %	54.35 %
2008	52.59 %	53.83 %	44.94 %
2009	52.94 %	61.16 %	41.11 %
2010	42.83 %	53.17 %	35.98 %
2011	46.72 %	57.34 %	37.90 %
2012	39.20 %	48.50 %	34.60 %
2013	39.72 %	49.70 %	36.49 %
2014	42.49 %	49.49 %	37.53 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2005	47.73 %	54.16 %	42.31 %
Q2 2005	54.79 %	56.21 %	53.96 %
Q3 2005	53.71 %	61.14 %	48.67 %
Q4 2005	46.12 %	56.07 %	47.06 %
Q1 2006	53.37 %	59.04 %	49.13 %
Q2 2006	53.09 %	58.54 %	51.53 %
Q3 2006	48.08 %	52.95 %	44.87 %
Q4 2006	44.50 %	45.72 %	32.30 %
Q1 2007	53.15 %	58.73 %	50.92 %
Q2 2007	56.79 %	58.36 %	53.43 %
Q3 2007	62.80 %	59.56 %	60.34 %
Q4 2007	55.31 %	57.94 %	52.54 %
Q1 2008	58.12 %	62.16 %	55.03 %
Q2 2008	59.37 %	55.86 %	47.79 %
Q3 2008	44.56 %	49.08 %	41.21 %
Q4 2008	45.59 %	45.09 %	31.47 %
Q1 2009	56.57 %	60.21 %	50.91 %
Q2 2009	52.02 %	61.00 %	43.26 %
Q3 2009	54.10 %	65.59 %	44.72 %
Q4 2009	48.77 %	58.37 %	24.41 %
Q1 2010	44.63 %	55.99 %	40.52 %
Q2 2010	48.96 %	60.14 %	41.75 %
Q3 2010	54.52 %	66.24 %	49.73 %
Q4 2010	23.98 %	31.05 %	12.65 %
Q1 2011	58.22 %	66.16 %	50.42 %
Q2 2011	45.98 %	57.49 %	36.88 %
Q3 2011	45.26 %	58.12 %	37.78 %
Q4 2011	39.18 %	48.77 %	26.86 %
Q1 2012	49.10 %	56.07 %	41.15 %
Q2 2012	46.91 %	51.04 %	42.98 %
Q3 2012	29.17 %	36.30 %	25.76 %
Q4 2012	29.57 %	50.13 %	26.70 %
Q1 2013	48.00 %	57.91 %	44.64 %
Q2 2013	38.76 %	48.19 %	37.27 %
Q3 2013	32.77 %	45.26 %	33.12 %
Q4 2013	38.18 %	46.72 %	30.23 %
Q1 2014	42.00 %	49.65 %	39.56 %
Q2 2014	47.39 %	53.66 %	41.58 %
Q3 2014	39.92 %	48.25 %	34.67 %
Q4 2014	39.79 %	45.77 %	33.60 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2005	93.63	3.37	3.37	14.69
Q2 2005	93.63	2.99	2.99	16.76
Q3 2005	93.63	3.18	3.18	16.46
Q4 2005	93.63	3.53	3.53	17.41
Q1 2006	93.63	3.75	3.75	16.99
Q2 2006	93.63	3.81	3.81	17.68
Q3 2006	93.63	3.77	3.77	17.36
Q4 2006	93.63	3.56	3.56	17.59
Q1 2007	93.63	3.60	3.60	16.58
Q2 2007	93.63	3.60	3.60	17.75
Q3 2007	93.63	3.90	3.90	18.46
Q4 2007	93.63	4.19	4.19	19.66
Q1 2008	100.00	4.14	4.14	21.76
Q2 2008	100.00	4.02	4.02	22.73
Q3 2008	100.00	3.63	3.63	22.43
Q4 2008	100.00	3.24	3.24	22.44
Q1 2009	100.00	3.13	3.13	22.11
Q2 2009	100.00	3.05	3.05	22.99
Q3 2009	100.00	3.06	3.06	23.04
Q4 2009	100.00	1.72	3.03	22.22
Q1 2010	100.00	1.50	2.81	23.12
Q2 2010	100.00	1.49	2.80	23.66
Q3 2010	100.00	1.57	2.88	24.45
Q4 2010	100.00	2.55	2.68	24.44
Q1 2011	100.00	2.90	3.02	25.59
Q2 2011	100.00	3.20	3.33	25.44
Q3 2011	100.00	3.44	3.56	26.42
Q4 2011	100.00	4.03	4.05	27.44
Q1 2012	100.00	4.33	4.35	29.03
Q2 2012	100.00	3.93	4.82	27.50
Q3 2012	100.00	3.75	4.64	28.35
Q4 2012	100.00	3.87	4.74	29.19
Q1 2013	100.00	3.99	4.85	30.77
Q2 2013	100.00	4.51	4.66	30.48
Q3 2013	100.00	3.81	4.75	29.71
Q4 2013	100.00	1.92	4.98	28.71
Q1 2014	100.00	2.02	5.08	30.36
Q2 2014	100.00	2.77	5.69	31.03
Q3 2014	100.00	3.94	6.06	30.57
Q4 2014	100.00	6.45	6.45	31.92

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2005	93.63	3.53	3.53	17.41
2006	93.63	3.56	3.56	17.59
2007	93.63	4.19	4.19	19.66
2008	100.00	3.24	3.24	22.44
2009	100.00	1.72	3.03	22.22
2010	100.00	2.55	2.68	24.44
2011	100.00	4.07	4.09	27.44
2012	100.00	3.87	4.74	29.19
2013	100.00	1.92	4.98	28.71
2014	100.00	6.45	6.45	31.92

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2005	17.30	17.30	3.97
Q2 2005	38.99	38.99	6.96
Q3 2005	35.83	35.83	6.91
Q4 2005	41.40	41.40	8.40
Q1 2006	29.26	29.26	6.46
Q2 2006	25.94	25.94	5.60
Q3 2006	21.09	21.09	4.59
Q4 2006	15.64	15.64	3.17
Q1 2007	13.98	13.98	3.04
Q2 2007	15.00	15.00	3.04
Q3 2007	14.33	14.33	3.03
Q4 2007	19.58	19.58	4.17
Q1 2008	14.10	14.10	2.68
Q2 2008	16.06	16.06	2.84
Q3 2008	12.16	12.16	1.97
Q4 2008	7.67	7.67	1.11
Q1 2009	8.93	8.93	1.26
Q2 2009	11.81	11.81	1.57
Q3 2009	12.03	12.03	1.60
Q4 2009	20.23	11.48	1.57
Q1 2010	22.35	11.93	1.45
Q2 2010	19.02	10.10	1.19
Q3 2010	18.30	9.99	1.18
Q4 2010	10.71	10.21	1.12
Q1 2011	8.73	8.37	0.99
Q2 2011	11.29	10.87	1.42
Q3 2011	9.73	9.39	1.27
Q4 2011	8.91	8.88	1.31
Q1 2012	10.71	10.67	1.60
Q2 2012	11.34	9.26	1.62
Q3 2012	11.03	8.93	1.46
Q4 2012	10.32	8.43	1.37
Q1 2013	11.34	9.31	1.47
Q2 2013	12.01	11.64	1.78
Q3 2013	14.64	11.75	1.88
Q4 2013	26.76	10.32	1.79
Q1 2014	32.58	12.95	2.17
Q2 2014	25.35	12.35	2.26
Q3 2014	21.56	14.02	2.78
Q4 2014	12.02	12.02	2.43

Period	P/E	Adjusted P/E	Price/book
2005	41.40	41.40	8.40
2006	15.64	15.64	3.17
2007	19.58	19.58	4.17
2008	7.67	7.67	1.11
2009	20.23	11.48	1.57
2010	10.71	10.21	1.12
2011	8.82	8.79	1.31
2012	10.32	8.43	1.37
2013	26.76	10.32	1.79
2014	12.02	12.02	2.43

Financial Ratios

	Current
Market Cap (M Riyal)	2,685.00
Enterprise Value (EV) (M)	2,798.41
Shares Outstanding ((M))	100.00
EPS ( Riyal) (TTM)	1.62
Book Value (BV) ( Riyal)	25.35
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	18.64
P/E (TTM)	16.61
Price/book	1.06
Return on Average Assets (%) (TTM)	5.2
Return on Average Equity (%) (TTM)	6.4

Arabian Cement Co. (ACC)

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Arabian Cement's 2014 net profit up 236% to SAR 646.4 mln

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Financials (M)

The increase of Q4-2014’s net profit compared to the previous period (Q3-2014) was attributed to the increase of sales revenue: SAR 430 million this quarter compared to SAR 386 million for previous quarter (Growth of 11%).

Current Quarter Comparison (M)

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

Financial Ratios

Share Price

Arabian Cement Co. (ACC)

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Arabian Cement's 2014 net profit up 236% to SAR 646.4 mln

View other reports

Financials (M)

The increase of Q4-2014’s net profit compared to the previous period (Q3-2014) was attributed to the increase of sales revenue: SAR 430 million this quarter compared to SAR 386 million for previous quarter (Growth of 11%).

Current Quarter Comparison (M)

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

Financial Ratios

Share Price

Arabian Cement Co. (ACC)

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