Hail Cement Co. reported a net profit after Zakat and tax of SAR 42.4 million for 2021, a drop of 60% from SAR 107.1 million a year earlier, driven by lower revenue.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 336.28 | 253.31 | (24.7 %) |
| Gross Income | 147.66 | 63.27 | (57.2 %) |
| Operating Income | 126.03 | 41.20 | (67.3 %) |
| Net Income | 107.06 | 42.41 | (60.4 %) |
| Average Shares | 97.90 | 97.90 | - |
| EPS (Riyals) | 1.09 | 0.43 | (60.4 %) |
The cement producer incurred a net loss of SAR 4.8 million for Q4 2021, versus a net profit of SAR 22.26 million in Q4 2020.
On a sequential basis, Hail Cement swung to losses, from SAR 5.96 million earnings in Q3 2021.
| Item | Q4 2020 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 78.90 | 49.42 | (37.4 %) |
| Gross Income | 33.93 | (0.42) | (101.2 %) |
| Operating Income | 29.77 | (4.05) | (113.6 %) |
| Net Income | 22.26 | (4.77) | (121.4 %) |
| Average Shares | 97.90 | 97.90 | - |
| EPS (Riyals) | 0.23 | (0.05) | (121.4 %) |
| Item | Q3 2021 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 56.08 | 49.42 | (11.9 %) |
| Gross Income | 12.33 | (0.42) | (103.4 %) |
| Operating Income | 6.38 | (4.05) | (163.4 %) |
| Net Income | 5.96 | (4.77) | (180.0 %) |
| Average Shares | 97.90 | 97.90 | - |
| EPS (Riyals) | 0.06 | (0.05) | (180.0 %) |
Shareholders’ equity, excluding minority interest, reached SAR 1.1 billion for 2021, compared to SAR 1.16 billion a year earlier.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}