Yamama Cement net profit rises 42% to SAR 363.3 mln in 2020

10/02/2021 Argaam Exclusive

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Yamama Cement Co. reported a net profit after Zakat and tax of SAR 363.3 million in 2020, an increase of 42%, compared to SAR 256.3 million in the year-earlier period, driven by higher sales and other income.



Financials (M)

Item 2019 2020 Change‬
Revenues 801.88 956.00 19.2 %
Gross Income 336.63 440.05 30.7 %
Operating Income 269.08 371.13 37.9 %
Net Income 256.34 405.55 58.2 %
Average Shares 202.50 202.50 -
EPS (Riyals) 1.27 2.00 58.2 %

In Q4 2020, the cement producer’s net profit after Zakat and tax rose 46% year-on-year (YoY) to SAR 113.7 million.

 

Total shareholders’ equity, excluding minority interest, edged up by 6.7% YoY to SAR 3.88 billion during the year.



Current Quarter Comparison (M)

Compared With The
Item Q4 2019 Q4 2020 Change‬
Revenues 236.16 249.21 5.5 %
Gross Income 104.31 101.85 (2.4 %)
Operating Income 83.64 84.60 1.2 %
Net Income 77.80 135.43 74.1 %
Average Shares 202.50 202.50 -
EPS (Riyals) 0.38 0.67 74.1 %

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