Tabuk Cement Co. reported net profit after Zakat and tax of SAR 28.9 million, increasing more than seven-fold year-on-year (YoY) for Q1 2020, driven by profit from adjusting cash flows, higher revenue, lower cost of finance, and lower selling and marketing expenses.
| Item | Q1 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 52.77 | 75.42 | 42.9 % |
| Gross Income | 12.83 | 17.53 | 36.6 % |
| Operating Income | 8.00 | 11.55 | 44.5 % |
| Net Income | 3.63 | 28.91 | 696.5 % |
| Average Shares | 90.00 | 90.00 | - |
| EPS (Riyals) | 0.04 | 0.32 | 696.5 % |
| Item | Q4 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 66.28 | 75.42 | 13.8 % |
| Gross Income | 14.01 | 17.53 | 25.1 % |
| Operating Income | 5.41 | 11.55 | 113.5 % |
| Net Income | 6.55 | 28.91 | 341.7 % |
| Average Shares | 90.00 | 90.00 | - |
| EPS (Riyals) | 0.07 | 0.32 | 341.7 % |
When compared to Q4 2019, net profit jumped by more than four times.
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