Hail Cement net profit rises to SAR 84.8 mln in 9M 2020

25/10/2020 Argaam Exclusive

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Hail Cement Co.
11.54
(0.04) (0.35 %)

Hail Cement Co. (HCC)

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Hail Cement Co. reported a net profit after Zakat and tax of SAR 84.8 million for the first nine months of 2020, compared to a profit of SAR 28.2 million in the same period last year, driven by higher revenue.



Financials (M)

Item 9m 2019 9m 2020 Change‬
Revenues 184.21 257.38 39.7 %
Gross Income 49.64 113.72 129.1 %
Operating Income 32.88 96.27 192.8 %
Net Income 28.22 84.80 200.5 %
Average Shares 97.90 97.90 -
EPS (Riyals) 0.29 0.87 200.5 %


Current Quarter Comparison (M)

Compared With The
Item Q3 2019 Q3 2020 Change‬
Revenues 62.21 71.68 15.2 %
Gross Income 16.30 30.24 85.5 %
Operating Income 11.02 24.19 119.4 %
Net Income 7.59 22.83 200.6 %
Average Shares 97.90 97.90 -
EPS (Riyals) 0.08 0.23 200.6 %

The third-quarter net profit after Zakat and tax more than tripled YoY to SAR 22.8 million, due to higher revenue and lower expenses.

 

When compared to previous quarter, net profit jumped 4.98%.

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