Yamama Cement Co. reported a net profit after Zakat and tax of SAR 249.6 million for the first nine months of 2020, a 39.7% year-on-year (YoY) rise from SAR 178.5 million a year earlier, driven by higher sales volumes.
| Item | 9m 2019 | 9m 2020 | Change |
|---|---|---|---|
| Revenues | 565.72 | 706.79 | 24.9 % |
| Gross Income | 232.32 | 338.19 | 45.6 % |
| Operating Income | 185.44 | 286.52 | 54.5 % |
| Net Income | 178.54 | 270.12 | 51.3 % |
| Average Shares | 202.50 | 202.50 | - |
| EPS (Riyals) | 0.88 | 1.33 | 51.3 % |
The third-quarter net profit after Zakat and tax jumped 42% year-on-year (YoY) to SAR 77.7 million, thanks to improved sales volumes and a rise in other income.
When compared to previous quarter, net profit surged 62.4% backed by higher sales volumes and other income, along with a decline in selling, general and administrative expenses.
| Item | Q3 2019 | Q3 2020 | Change |
|---|---|---|---|
| Revenues | 186.50 | 249.65 | 33.9 % |
| Gross Income | 76.13 | 114.29 | 50.1 % |
| Operating Income | 60.77 | 98.64 | 62.3 % |
| Net Income | 54.73 | 95.32 | 74.2 % |
| Average Shares | 202.50 | 202.50 | - |
| EPS (Riyals) | 0.27 | 0.47 | 74.2 % |
| Item | Q2 2020 | Q3 2020 | Change |
|---|---|---|---|
| Revenues | 167.13 | 249.65 | 49.4 % |
| Gross Income | 77.94 | 114.29 | 46.6 % |
| Operating Income | 56.60 | 98.64 | 74.3 % |
| Net Income | 50.84 | 95.32 | 87.5 % |
| Average Shares | 202.50 | 202.50 | - |
| EPS (Riyals) | 0.25 | 0.47 | 87.5 % |
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