Tabuk Cement Co. reported a net profit after Zakat and tax of SAR 24.19 million for the fiscal year of 2019, as compared to a net loss of SAR 98.94 million a year earlier.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 149.45 | 238.66 | 59.7 % |
| Gross Income | (23.59) | 54.58 | 331.3 % |
| Operating Income | (44.90) | 27.34 | 160.9 % |
| Net Income | (98.94) | 24.19 | 124.4 % |
| Average Shares | 90.00 | 90.00 | - |
| EPS (Riyals) | (1.10) | 0.27 | 124.4 % |
The company said in a bourse statement that the rise is mainly due to higher sales volumes and improved selling prices, along with increase in other revenues.
Accumulated losses in 2019 stood at SAR 36.70 million, down 41.56% compared to SAR 62.80 million in 2018, the statement also said.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 35.58 | 66.28 | 86.3 % |
| Gross Income | (9.76) | 14.01 | 243.6 % |
| Operating Income | (16.83) | 5.41 | 132.2 % |
| Net Income | (32.45) | 6.55 | 120.2 % |
| Average Shares | 90.00 | 90.00 | - |
| EPS (Riyals) | (0.36) | 0.07 | 120.2 % |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 58.46 | 66.28 | 13.4 % |
| Gross Income | 14.59 | 14.01 | (3.9 %) |
| Operating Income | 9.89 | 5.41 | (45.3 %) |
| Net Income | 5.03 | 6.55 | 30.3 % |
| Average Shares | 90.00 | 90.00 | - |
| EPS (Riyals) | 0.06 | 0.07 | 30.3 % |
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