Eastern Cement net profit jumps 49% to SAR 116 mln in H1 2020

28/07/2020 Argaam Exclusive

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Eastern Province Cement Co. reported a net profit after Zakat and tax of SAR 116 million in the first half of 2020, compared to a net profit of SAR 78 million a year earlier, driven by an increase in cement sales volume and value amid better demand.

The cement producer reported a decline in general, selling and marketing expenses, as well as an increase in the company's profit share from an associate.

Financials (M)

Item	6m 2019	6m 2020	Change‬
Revenues	339.95	380.30	11.9 %
Gross Income	97.29	140.07	44.0 %
Operating Income	64.73	109.34	68.9 %
Net Income	77.76	115.71	48.8 %
Average Shares	86.00	86.00	-
EPS (Riyals)	0.90	1.35	48.8 %

In Q2 2020, the cement producer’s net profit after Zakat and tax decreased by 6% year-on-year (YoY) to SAR 30 million, on a decrease in precast cement sales, investment income and other income.

When compared to Q1 2020, net profit slumped 64.7% hit by a decline in cement and precast cement sales volume and value, due to the coincidence of the second quarter with Ramadan and the Eid holiday, and the impact of coronavirus outbreak on the markets.

Eastern Cement reported lower investment income, profit share from an associate, but recorded higher Zakat provision.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2019	Q2 2020	Change‬
Revenues	158.76	146.27	(7.9 %)
Gross Income	39.50	46.41	17.5 %
Operating Income	23.59	31.30	32.7 %
Net Income	31.79	30.47	(4.1 %)
Average Shares	86.00	86.00	-
EPS (Riyals)	0.37	0.35	(4.1 %)

Item	Q1 2020	Q2 2020	Change‬
Revenues	234.03	146.27	(37.5 %)
Gross Income	93.65	46.41	(50.4 %)
Operating Income	78.04	31.30	(59.9 %)
Net Income	85.24	30.47	(64.2 %)
Average Shares	86.00	86.00	-
EPS (Riyals)	0.99	0.35	(64.2 %)

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2011	210.50	0.1 %	98.33	(7.2 %)	86.55	(9.6 %)
Q2 2011	214.92	(7.2 %)	109.21	2.6 %	99.28	2.3 %
Q3 2011	170.72	(0.4 %)	93.80	16.6 %	85.67	17.2 %
Q4 2011	216.43	4.9 %	117.35	23.6 %	105.80	25.0 %
2011	812.57	(0.8 %)	418.69	8.0 %	377.31	7.6 %
Q1 2012	238.21	13.2 %	123.60	25.7 %	111.14	28.4 %
Q2 2012	212.79	(1.0 %)	108.86	(0.3 %)	99.79	0.5 %
Q3 2012	175.09	2.6 %	89.50	(4.6 %)	80.53	(6.0 %)
Q4 2012	228.79	5.7 %	98.73	(15.9 %)	82.99	(21.6 %)
2012	854.88	5.2 %	420.68	0.5 %	374.45	(0.8 %)
Q1 2013	237.85	(0.2 %)	114.81	(7.1 %)	103.37	(7.0 %)
Q2 2013	203.39	(4.4 %)	80.49	(26.1 %)	68.59	(31.3 %)
Q3 2013	174.92	(0.1 %)	79.00	(11.7 %)	68.78	(14.6 %)
Q4 2013	212.57	(7.1 %)	74.04	(25.0 %)	57.12	(31.2 %)
2013	828.72	(3.1 %)	348.34	(17.2 %)	297.85	(20.5 %)
Q1 2014	214.60	(9.8 %)	92.28	(19.6 %)	76.21	(26.3 %)
Q2 2014	217.73	7.1 %	94.15	17.0 %	80.60	17.5 %
Q3 2014	193.08	10.4 %	73.56	(6.9 %)	59.37	(13.7 %)
Q4 2014	219.70	3.4 %	92.72	25.2 %	78.20	36.9 %
2014	845.12	2.0 %	352.71	1.3 %	294.37	(1.2 %)
Q1 2015	254.48	18.6 %	108.33	17.4 %	90.05	18.1 %
Q2 2015	254.15	16.7 %	108.12	14.8 %	91.80	13.9 %
Q3 2015	192.12	(0.5 %)	82.94	12.8 %	67.99	14.5 %
Q4 2015	239.22	8.9 %	94.51	1.9 %	80.36	2.8 %
2015	939.96	11.2 %	393.90	11.7 %	330.19	12.2 %
Q1 2016	245.29	(3.6 %)	95.34	(12.0 %)	75.61	(16.0 %)
Q2 2016	207.53	(18.3 %)	66.52	(38.5 %)	50.47	(45.0 %)
Q3 2016	172.19	(10.4 %)	60.22	(27.4 %)	37.80	(44.4 %)
Q4 2016	231.59	(3.2 %)	68.47	(27.6 %)	54.28	(32.5 %)
2016	856.59	(8.9 %)	290.54	(26.2 %)	218.15	(33.9 %)
Q1 2017	202.27	(17.5 %)	60.26	(36.8 %)	39.91	(47.2 %)
Q2 2017	159.38	(23.2 %)	41.24	(38.0 %)	28.12	(44.3 %)
Q3 2017	122.10	(29.1 %)	32.73	(45.7 %)	18.13	(52.0 %)
Q4 2017	156.87	(32.3 %)	31.06	(54.6 %)	13.15	(75.8 %)
2017	640.61	(25.2 %)	165.28	(43.1 %)	99.31	(54.5 %)
Q1 2018	138.65	(31.5 %)	32.45	(46.2 %)	17.14	(57.0 %)
Q2 2018	151.62	(4.9 %)	37.73	(8.5 %)	20.69	(26.4 %)
Q3 2018	122.03	(0.1 %)	21.27	(35.0 %)	7.01	(61.3 %)
Q4 2018	153.44	(2.2 %)	39.71	27.8 %	24.01	82.5 %
2018	565.74	(11.7 %)	131.16	(20.6 %)	68.86	(30.7 %)
Q1 2019	181.19	30.7 %	57.79	78.1 %	41.14	140.0 %
Q2 2019	158.76	4.7 %	39.50	4.7 %	23.59	14.0 %
Q3 2019	173.84	42.5 %	50.72	138.5 %	37.35	432.6 %
Q4 2019	215.00	40.1 %	69.95	76.1 %	59.39	147.4 %
2019	728.80	28.8 %	217.96	66.2 %	161.47	134.5 %
Q1 2020	234.03	29.2 %	93.65	62.1 %	78.04	89.7 %
Q2 2020	146.27	(7.9 %)	46.41	17.5 %	31.30	32.7 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2010	819.47	5.3 %	387.67	(3.6 %)	350.57	(4.7 %)
2011	812.57	(0.8 %)	418.69	8.0 %	377.31	7.6 %
2012	854.88	5.2 %	420.68	0.5 %	374.45	(0.8 %)
2013	828.72	(3.1 %)	348.34	(17.2 %)	297.85	(20.5 %)
2014	845.12	2.0 %	352.71	1.3 %	294.37	(1.2 %)
2015	939.96	11.2 %	393.90	11.7 %	330.19	12.2 %
2016	856.59	(8.9 %)	290.54	(26.2 %)	218.15	(33.9 %)
2017	640.61	(25.2 %)	165.28	(43.1 %)	99.31	(54.5 %)
2018	565.74	(11.7 %)	131.16	(20.6 %)	68.86	(30.7 %)
2019	728.80	28.8 %	217.96	66.2 %	161.47	134.5 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2011	82.55	(10.5 %)	0.96	-	82.55	0.96
Q2 2011	101.05	(3.1 %)	1.17	-	101.05	1.17
Q3 2011	74.71	17.5 %	0.87	-	74.71	0.87
Q4 2011	105.64	27.4 %	1.23	-	105.64	1.23
2011	363.96	6.1 %	4.23	-	363.96	4.23
Q1 2012	104.06	26.1 %	1.21	-	104.06	1.21
Q2 2012	103.18	2.1 %	1.20	-	103.18	1.20
Q3 2012	83.78	12.1 %	0.97	-	83.78	0.97
Q4 2012	95.64	(9.5 %)	1.11	(3.93)	99.57	1.16
2012	386.66	6.2 %	4.50	(3.93)	390.59	4.54
Q1 2013	109.45	5.2 %	1.27	-	109.45	1.27
Q2 2013	77.42	(25.0 %)	0.90	-	77.42	0.90
Q3 2013	67.65	(19.2 %)	0.79	-	67.65	0.79
Q4 2013	54.63	(42.9 %)	0.64	-	54.63	0.64
2013	309.16	(20.0 %)	3.59	-	309.16	3.59
Q1 2014	156.73	43.2 %	1.82	80.70	76.03	0.88
Q2 2014	81.64	5.4 %	0.95	0.00	81.63	0.95
Q3 2014	55.94	(17.3 %)	0.65	-	55.94	0.65
Q4 2014	79.25	45.0 %	0.92	-	79.25	0.92
2014	373.55	20.8 %	4.34	80.70	292.85	3.41
Q1 2015	84.94	(45.8 %)	0.99	-	84.94	0.99
Q2 2015	92.77	13.6 %	1.08	-	92.77	1.08
Q3 2015	66.73	19.3 %	0.78	-	66.73	0.78
Q4 2015	87.86	10.9 %	1.02	1.83	86.03	1.00
2015	332.89	(10.9 %)	3.87	1.83	331.06	3.85
Q1 2016	86.18	1.5 %	1.00	-	86.18	1.00
Q2 2016	47.33	(49.0 %)	0.55	-	47.33	0.55
Q3 2016	42.03	(37.0 %)	0.49	-	42.03	0.49
Q4 2016	51.66	(41.2 %)	0.60	-	51.66	0.60
2016	227.19	(31.8 %)	2.64	-	227.19	2.64
Q1 2017	50.40	(41.5 %)	0.59	-	50.40	0.59
Q2 2017	35.11	(25.8 %)	0.41	-	35.11	0.41
Q3 2017	13.88	(67.0 %)	0.16	-	13.88	0.16
Q4 2017	7.75	(85.0 %)	0.09	-	7.75	0.09
2017	107.14	(52.8 %)	1.25	-	107.14	1.25
Q1 2018	16.51	(67.2 %)	0.19	-	16.51	0.19
Q2 2018	18.80	(46.5 %)	0.22	-	18.80	0.22
Q3 2018	8.87	(36.1 %)	0.10	-	8.87	0.10
Q4 2018	25.56	229.7 %	0.30	-	25.56	0.30
2018	69.75	(34.9 %)	0.81	-	69.75	0.81
Q1 2019	45.97	178.4 %	0.53	-	45.97	0.53
Q2 2019	31.79	69.1 %	0.37	-	31.79	0.37
Q3 2019	36.45	310.8 %	0.42	-	36.45	0.42
Q4 2019	66.49	160.1 %	0.77	-	66.49	0.77
2019	180.70	159.1 %	2.10	-	180.70	2.10
Q1 2020	85.24	85.4 %	0.99	-	85.24	0.99
Q2 2020	30.47	(4.1 %)	0.35	-	30.47	0.35

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2010	342.98	(2.2 %)	3.99	-	342.98	3.99
2011	363.96	6.1 %	4.23	-	363.96	4.23
2012	386.66	6.2 %	4.50	(3.93)	390.59	4.54
2013	309.16	(20.0 %)	3.59	-	309.16	3.59
2014	373.55	20.8 %	4.34	80.70	292.85	3.41
2015	332.89	(10.9 %)	3.87	1.83	331.06	3.85
2016	227.19	(31.8 %)	2.64	-	227.19	2.64
2017	107.14	(52.8 %)	1.25	-	107.14	1.25
2018	69.75	(34.9 %)	0.81	-	69.75	0.81
2019	180.70	159.1 %	2.10	-	180.70	2.10

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2011	46.36 %	53.20 %	40.66 %
Q2 2011	47.68 %	55.18 %	41.10 %
Q3 2011	49.38 %	57.07 %	42.53 %
Q4 2011	51.53 %	58.79 %	44.79 %
2011	51.53 %	58.79 %	44.79 %
Q1 2012	52.83 %	59.64 %	45.87 %
Q2 2012	52.93 %	59.02 %	46.25 %
Q3 2012	52.14 %	57.68 %	47.08 %
Q4 2012	49.21 %	54.65 %	45.69 %
2012	49.21 %	54.65 %	45.69 %
Q1 2013	48.20 %	53.88 %	46.34 %
Q2 2013	45.38 %	50.46 %	43.81 %
Q3 2013	44.15 %	49.61 %	41.91 %
Q4 2013	42.03 %	47.15 %	37.31 %
2013	42.03 %	47.15 %	37.31 %
Q1 2014	40.45 %	45.79 %	34.23 %
Q2 2014	41.41 %	48.07 %	34.15 %
Q3 2014	39.86 %	46.57 %	32.01 %
Q4 2014	41.73 %	50.17 %	34.65 %
2014	41.73 %	50.17 %	34.65 %
Q1 2015	41.67 %	49.66 %	34.10 %
Q2 2015	41.54 %	48.96 %	33.96 %
Q3 2015	42.60 %	49.96 %	35.17 %
Q4 2015	41.91 %	48.80 %	35.16 %
2015	41.91 %	48.80 %	35.22 %
Q1 2016	40.92 %	47.21 %	35.64 %
Q2 2016	38.38 %	45.38 %	32.38 %
Q3 2016	36.63 %	43.53 %	30.27 %
Q4 2016	33.92 %	41.10 %	26.52 %
2016	33.92 %	41.10 %	26.52 %
Q1 2017	31.40 %	38.80 %	23.53 %
Q2 2017	30.07 %	37.43 %	23.41 %
Q3 2017	28.33 %	35.83 %	21.12 %
Q4 2017	25.80 %	32.36 %	16.73 %
2017	25.80 %	32.36 %	16.73 %
Q1 2018	23.83 %	31.92 %	12.70 %
Q2 2018	23.53 %	31.07 %	10.00 %
Q3 2018	21.52 %	28.97 %	9.13 %
Q4 2018	23.18 %	30.71 %	12.33 %
2018	23.18 %	30.71 %	12.33 %
Q1 2019	25.73 %	32.37 %	16.31 %
Q2 2019	25.72 %	32.31 %	18.23 %
Q3 2019	28.13 %	34.22 %	20.95 %
Q4 2019	29.91 %	36.19 %	24.79 %
2019	29.91 %	36.19 %	24.79 %
Q1 2020	32.47 %	38.20 %	28.14 %
Q2 2020	33.90 %	39.66 %	28.43 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2010	47.31 %	54.30 %	41.85 %
2011	51.53 %	58.79 %	44.79 %
2012	49.21 %	54.65 %	45.69 %
2013	42.03 %	47.15 %	37.31 %
2014	41.73 %	50.17 %	34.65 %
2015	41.91 %	48.80 %	35.22 %
2016	33.92 %	41.10 %	26.52 %
2017	25.80 %	32.36 %	16.73 %
2018	23.18 %	30.71 %	12.33 %
2019	29.91 %	36.19 %	24.79 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2011	46.71 %	53.55 %	39.22 %
Q2 2011	50.81 %	58.27 %	47.02 %
Q3 2011	54.95 %	65.21 %	43.76 %
Q4 2011	54.22 %	59.32 %	48.81 %
Q1 2012	51.88 %	57.15 %	43.68 %
Q2 2012	51.16 %	55.84 %	48.49 %
Q3 2012	51.12 %	58.61 %	47.85 %
Q4 2012	43.15 %	47.91 %	43.52 %
Q1 2013	48.27 %	54.38 %	46.02 %
Q2 2013	39.57 %	41.72 %	38.07 %
Q3 2013	45.16 %	54.51 %	38.68 %
Q4 2013	34.83 %	38.19 %	25.70 %
Q1 2014	43.00 %	50.05 %	35.43 %
Q2 2014	43.24 %	50.58 %	37.49 %
Q3 2014	38.10 %	47.42 %	28.97 %
Q4 2014	42.20 %	52.29 %	36.07 %
Q1 2015	42.57 %	48.29 %	33.38 %
Q2 2015	42.54 %	47.91 %	36.50 %
Q3 2015	43.17 %	52.19 %	34.73 %
Q4 2015	39.51 %	47.55 %	35.96 %
Q1 2016	38.87 %	42.25 %	35.13 %
Q2 2016	32.05 %	40.29 %	22.80 %
Q3 2016	34.97 %	43.67 %	24.41 %
Q4 2016	29.56 %	38.71 %	22.31 %
Q1 2017	29.79 %	33.21 %	24.92 %
Q2 2017	25.88 %	34.18 %	22.03 %
Q3 2017	26.80 %	36.87 %	11.37 %
Q4 2017	19.80 %	25.90 %	4.94 %
Q1 2018	23.40 %	31.76 %	11.91 %
Q2 2018	24.89 %	31.11 %	12.40 %
Q3 2018	17.43 %	27.10 %	7.27 %
Q4 2018	25.88 %	32.26 %	16.66 %
Q1 2019	31.89 %	37.09 %	25.37 %
Q2 2019	24.88 %	30.92 %	20.02 %
Q3 2019	29.18 %	35.99 %	20.97 %
Q4 2019	32.53 %	39.48 %	30.93 %
Q1 2020	40.02 %	43.59 %	36.42 %
Q2 2020	31.73 %	38.02 %	20.83 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2011	86.00	3.88	3.88	22.10
Q2 2011	86.00	3.84	3.84	23.27
Q3 2011	86.00	3.97	3.97	23.91
Q4 2011	86.00	4.23	4.23	25.09
Q1 2012	86.00	4.48	4.48	23.16
Q2 2012	86.00	4.51	4.51	24.09
Q3 2012	86.00	4.61	4.61	25.22
Q4 2012	86.00	4.50	4.54	26.35
Q1 2013	86.00	4.56	4.60	23.66
Q2 2013	86.00	4.26	4.30	24.74
Q3 2013	86.00	4.07	4.12	25.56
Q4 2013	86.00	3.59	3.59	26.55
Q1 2014	86.00	4.14	3.21	24.03
Q2 2014	86.00	4.19	3.26	25.04
Q3 2014	86.00	4.06	3.12	25.79
Q4 2014	86.00	4.34	3.41	26.29
Q1 2015	86.00	3.51	3.51	24.72
Q2 2015	86.00	3.64	3.64	25.89
Q3 2015	86.00	3.76	3.76	26.43
Q4 2015	86.00	3.86	3.84	27.35
Q1 2016	86.00	3.88	3.86	25.81
Q2 2016	86.00	3.35	3.33	26.42
Q3 2016	86.00	3.06	3.04	26.90
Q4 2016	86.00	2.64	2.64	26.01
Q1 2017	86.00	2.23	2.23	25.13
Q2 2017	86.00	2.08	2.08	25.52
Q3 2017	86.00	1.76	1.76	25.69
Q4 2017	86.00	1.25	1.25	25.75
Q1 2018	86.00	0.85	0.85	26.07
Q2 2018	86.00	0.66	0.66	25.48
Q3 2018	86.00	0.60	0.60	25.43
Q4 2018	86.00	0.81	0.81	25.60
Q1 2019	86.00	1.15	1.15	26.16
Q2 2019	86.00	1.30	1.30	25.67
Q3 2019	86.00	1.63	1.63	26.02
Q4 2019	86.00	2.10	2.10	28.04
Q1 2020	86.00	2.56	2.56	28.77
Q2 2020	86.00	2.54	2.54	27.67

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2010	86.00	3.99	3.99	24.55
2011	86.00	4.23	4.23	25.09
2012	86.00	4.50	4.54	26.35
2013	86.00	3.59	3.59	26.55
2014	86.00	4.34	3.41	26.29
2015	86.00	3.87	3.85	27.35
2016	86.00	2.64	2.64	26.01
2017	86.00	1.25	1.25	25.75
2018	86.00	0.81	0.81	25.60
2019	86.00	2.10	2.10	28.04

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2011	12.05	12.05	2.11
Q2 2011	12.90	12.90	2.13
Q3 2011	12.07	12.07	2.00
Q4 2011	13.11	13.11	2.21
Q1 2012	13.16	13.16	2.55
Q2 2012	11.76	11.76	2.20
Q3 2012	11.27	11.27	2.06
Q4 2012	12.79	12.66	2.18
Q1 2013	12.34	12.22	2.38
Q2 2013	13.79	13.65	2.37
Q3 2013	14.12	13.97	2.25
Q4 2013	16.55	16.55	2.24
Q1 2014	13.87	17.93	2.39
Q2 2014	14.37	18.51	2.41
Q3 2014	15.63	20.33	2.46
Q4 2014	12.74	16.25	2.10
Q1 2015	15.71	15.71	2.23
Q2 2015	12.66	12.66	1.78
Q3 2015	9.94	9.94	1.42
Q4 2015	8.21	8.25	1.16
Q1 2016	8.00	8.05	1.20
Q2 2016	8.97	9.02	1.14
Q3 2016	8.29	8.35	0.94
Q4 2016	13.06	13.06	1.33
Q1 2017	13.12	13.12	1.16
Q2 2017	11.59	11.59	0.95
Q3 2017	13.71	13.71	0.94
Q4 2017	21.18	21.18	1.02
Q1 2018	29.65	29.65	0.97
Q2 2018	37.30	37.30	0.97
Q3 2018	33.68	33.68	0.80
Q4 2018	25.55	25.55	0.81
Q1 2019	21.00	21.00	0.93
Q2 2019	23.15	23.15	1.18
Q3 2019	20.83	20.83	1.30
Q4 2019	17.13	17.13	1.28
Q1 2020	11.03	11.03	0.98
Q2 2020	11.47	11.47	1.05

Period	P/E	Adjusted P/E	Price/book
2010	11.36	11.36	1.85
2011	13.11	13.11	2.21
2012	12.79	12.66	2.18
2013	16.55	16.55	2.24
2014	12.74	16.25	2.10
2015	8.19	8.24	1.16
2016	13.06	13.06	1.33
2017	21.18	21.18	1.02
2018	25.55	25.55	0.81
2019	17.13	17.13	1.28

Business Segments (Million)

Compared With The

Period	Cement	Ready-mixed Concrete	Construction support business	elimination
Q3 2012	175.08	-	-	-
Q4 2012	152.98	33.66	42.16	-
Q1 2013	216.34	16.81	4.70	-
Q2 2013	186.01	12.24	5.14	-
Q3 2013	155.15	18.27	1.49	-
Q4 2013	192.22	19.89	0.46	-
Q1 2014	195.12	2.88	16.61	-
Q2 2014	196.02	30.34	-	-
Q3 2014	145.32	43.77	3.99	-
Q4 2014	188.96	41.70	-	-
Q1 2015	204.72	48.51	1.25	-
Q2 2015	195.96	57.46	0.73	-
Q3 2015	141.41	49.49	1.22	-
Q4 2015	195.22	41.42	2.58	-
Q1 2016	191.97	53.32	-	-
Q2 2016	153.40	54.13	-	-
Q3 2016	103.72	68.46	-	-
Q4 2016	147.17	84.42	-	-
Q1 2017	130.20	72.08	-	-
Q2 2017	95.77	63.61	-	-
Q3 2017	80.20	41.89	-	-
Q4 2017	118.87	38.00	-	-
Q1 2018	102.98	35.67	-	-
Q2 2018	100.85	50.77	-	-
Q3 2018	80.01	42.02	-	-
Q4 2018	119.43	34.01	-	-
Q1 2019	150.03	31.16	-	-
Q2 2019	119.55	39.21	-	-
Q3 2019	146.01	27.83	-	-
Q4 2019	194.13	20.87	-	-
Q1 2020	208.18	25.85	-	-
Q2 2020	136.58	11.19	-	(1.50)

Period	Cement	Ready-mixed Concrete	Construction support business	elimination
2012	779.06	33.66	42.16	-
2013	749.72	67.21	11.79	-
2014	725.42	118.68	1.02	-
2015	737.31	196.87	5.78	-
2016	596.26	260.33	-	-
2017	425.03	215.58	-	-
2018	403.28	162.47	-	-
2019	609.72	119.08	-	-

Analysts Estimates (Million)

Item	Q2 2020 (e)	Q2 2020 (a)	Change‬
Average	33.80	30.47	(9.8 %)

Estimates vs Actual (Million)

Item	Q2 2020 (e)	Q2 2020 (a)	Change
OSOOL AND BAKHEET	31.00	30.47	(1.7) %
SNB Capital	34.20	30.47	(10.9) %
AlJazira Capital	36.20	30.47	(15.8) %

Financial Ratios

	Current
Market Cap (M Riyal)	2,868.10
Enterprise Value (EV) (M)	2,646.30
Shares Outstanding ((M))	86.00
EPS ( Riyal) (TTM)	2.55
Book Value (BV) ( Riyal)	28.19
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	11.40
P/E (TTM)	13.07
Price/book	1.18
Return on Average Assets (%) (TTM)	7.7
Return on Average Equity (%) (TTM)	9.2

Eastern Province Cement Co. (EPCCO)

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Eastern Cement net profit jumps 49% to SAR 116 mln in H1 2020

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Financials (M)

Current Quarter Comparison (M)

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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

Business Segments (Million)

Revenue by Business Segment (Latest) 2020 Q2

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Analysts Estimates (Million)

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Eastern Province Cement Co. (EPCCO)

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Eastern Cement net profit jumps 49% to SAR 116 mln in H1 2020

View other reports

Financials (M)

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

Business Segments (Million) Q2 2020

Revenue by Business Segment (Latest) 2020 Q2

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Eastern Province Cement Co. (EPCCO)

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Business Segments (Million)