Hail Cement net profit up 82% to SAR 107.5 mln in 2020

25/01/2021 Argaam Exclusive

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Hail Cement Co.
11.46
(0.12) (1.04 %)

Hail Cement Co. (HCC)

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Hail Cement Co. reported an annual net profit after Zakat and tax of SAR 107.5 million, an 82% increase from SAR 59.1 million in 2019.  

 

The increase in annual net profit was attributed to revenue growth and a decrease in some expenses.



Financials (M)

Item 2019 2020 Change‬
Revenues 274.40 336.28 22.6 %
Gross Income 91.43 147.66 61.5 %
Operating Income 69.51 126.03 81.3 %
Net Income 59.06 107.06 81.3 %
Average Shares 97.90 97.90 -
EPS (Riyals) 0.60 1.09 81.3 %

The company reported a net profit of SAR 22.68 million in Q4 2020, a 26.5% year-on-year (YoY) decline.

 

When compared to previous quarter, Q4 2020 net profit fell slightly by 0.7%.



Current Quarter Comparison (M)

Compared With The
Item Q4 2019 Q4 2020 Change‬
Revenues 90.19 78.90 (12.5 %)
Gross Income 41.79 33.93 (18.8 %)
Operating Income 36.64 29.77 (18.8 %)
Net Income 30.84 22.26 (27.8 %)
Average Shares 97.90 97.90 -
EPS (Riyals) 0.32 0.23 (27.8 %)

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