Arabian Cement Co. reported a 22% profit jump year-on-year (YoY) to SAR 45.1 million in Q1 2020, driven by higher sales volumes as well as increased revenue.
| Item | Q1 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 189.13 | 204.60 | 8.2 % |
| Gross Income | 61.70 | 71.98 | 16.7 % |
| Operating Income | 48.70 | 56.98 | 17.0 % |
| Net Income | 37.15 | 45.11 | 21.4 % |
| Average Shares | 100.00 | 100.00 | - |
| EPS (Riyals) | 0.37 | 0.45 | 21.4 % |
| Item | Q4 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 234.72 | 204.60 | (12.8 %) |
| Gross Income | 96.13 | 71.98 | (25.1 %) |
| Operating Income | 78.01 | 56.98 | (27.0 %) |
| Net Income | 73.63 | 45.11 | (38.7 %) |
| Average Shares | 100.00 | 100.00 | - |
| EPS (Riyals) | 0.74 | 0.45 | (38.7 %) |
The company also cited lower general and administrative expenses (G&As) and lower losses from company's operations in Jordan.
When compared to the previous quarter, Q1 net profit decreased by 38.7%.
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