Yanbu Cement net profit rises 27% to SAR 92 mln in Q1 2020

Yanbu Cement net profit rises 27% to SAR 92 mln in Q1 2020

06/05/2020 Argaam Exclusive

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Yanbu Cement Co. reported a net profit after Zakat and tax of SAR 92 million for the first quarter of 2020, a 27% year-on-year (YoY) increase, compared to SAR 72.9 million in the same period last year.

 

The increase in profits was driven by higher sales volumes and lower Zakat.



Current Quarter Comparison (M)

Compared With The
Item Q1 2019 Q1 2020 Change‬
Revenues 259.81 277.40 6.8 %
Gross Income 92.68 111.05 19.8 %
Operating Income 81.20 97.80 20.4 %
Net Income 72.52 92.02 26.9 %
Average Shares 157.50 157.50 -
Earnings Per Share before unusual items 0.46 0.58 26.9 %
EPS (Riyals) 0.46 0.58 26.9 %

When compared to the previous quarter, Q1 net profit jumped 10.7% due to higher sales.

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