Yamama Cement Co. (YCC) reported a net profit after Zakat and tax of SAR 124 million for the first quarter of 2020, a rise of 76% year-on-year (YoY).
| Item | Q1 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 213.88 | 290.02 | 35.6 % |
| Gross Income | 90.75 | 145.97 | 60.9 % |
| Operating Income | 73.89 | 131.29 | 77.7 % |
| Net Income | 70.63 | 123.97 | 75.5 % |
| Average Shares | 202.50 | 202.50 | - |
| EPS (Riyals) | 0.35 | 0.61 | 75.5 % |
| Item | Q4 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 236.16 | 290.02 | 22.8 % |
| Gross Income | 104.31 | 145.97 | 39.9 % |
| Operating Income | 83.64 | 131.29 | 57.0 % |
| Net Income | 77.80 | 123.97 | 59.3 % |
| Average Shares | 202.50 | 202.50 | - |
| EPS (Riyals) | 0.38 | 0.61 | 59.3 % |
The strong performance was driven by higher sales volumes, along with lower general and administrative expenses.
The first quarter net profit after Zakat and tax also jumped 59.3% when compared to Q4 2019, thanks to a rise in sales volumes, as well as lower general and administrative expenses.
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