Yamama Cement Co. reported an over twofold increase in net profit after Zakat and tax to SAR 355.8 million in 2022, compared to SAR 153.7 million a year earlier, backed by higher sales value and volume, as well as better other income.
| Item | 2021 | 2022 | Change |
|---|---|---|---|
| Revenues | 735.84 | 1,008.11 | 37.0 % |
| Gross Income | 220.41 | 408.65 | 85.4 % |
| Operating Income | 156.85 | 332.04 | 111.7 % |
| Net Income | 153.67 | 355.80 | 131.5 % |
| Average Shares | 202.50 | 202.50 | - |
| EPS (Riyals) | 0.76 | 1.76 | 131.5 % |
In Q4 2022, the cement producer swung to a net profit of SAR 134.2 million against a net loss of SAR 18.86 million in Q4 2021.
| Item | Q4 2021 | Q4 2022 | Change |
|---|---|---|---|
| Revenues | 182.34 | 334.43 | 83.4 % |
| Gross Income | (1.75) | 161.06 | 9298.0 % |
| Operating Income | (21.17) | 131.09 | 719.2 % |
| Net Income | (18.86) | 134.15 | 811.4 % |
| Average Shares | 202.50 | 202.50 | - |
| EPS (Riyals) | (0.09) | 0.66 | 811.4 % |
| Item | Q3 2022 | Q4 2022 | Change |
|---|---|---|---|
| Revenues | 248.63 | 334.43 | 34.5 % |
| Gross Income | 111.92 | 161.06 | 43.9 % |
| Operating Income | 96.58 | 131.09 | 35.7 % |
| Net Income | 101.33 | 134.15 | 32.4 % |
| Average Shares | 202.50 | 202.50 | - |
| EPS (Riyals) | 0.50 | 0.66 | 32.4 % |
Compared to the previous quarter, net profit jumped 32.4% from SAR 101.33 million.
Total shareholders’ equity, after minority interest, increased to SAR 4.65 billion as of Dec. 31, 2022, from SAR 4.27 billion a year earlier.
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