Al Jouf Cement Co. swung to a net profit after Zakat and tax of SAR 5.3 million for the fiscal year 2019, against a net loss of SAR 39.5 million a year earlier.
The net profit was driven by higher sales revenue and other income, a decline in the cost of sales, as well as general and marketing expenses.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 137.67 | 169.75 | 23.3 % |
| Gross Income | (7.54) | 31.71 | 520.9 % |
| Operating Income | (35.23) | 8.36 | 123.7 % |
| Net Income | (39.51) | 5.26 | 113.3 % |
| Average Shares | 108.70 | 108.70 | - |
| EPS (Riyals) | (0.36) | 0.05 | 113.3 % |
In Q4 2019, the cement producer reported a net profit of SAR 2.5 million against a net loss of SAR 11 million in year-earlier period.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 34.89 | 39.73 | 13.9 % |
| Gross Income | (4.40) | 10.21 | 332.0 % |
| Operating Income | (11.77) | 3.55 | 130.2 % |
| Net Income | (11.05) | 2.54 | 123.0 % |
| Average Shares | 108.70 | 108.70 | - |
| EPS (Riyals) | (0.10) | 0.02 | 123.0 % |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 26.98 | 39.73 | 47.3 % |
| Gross Income | 7.96 | 10.21 | 28.3 % |
| Operating Income | 2.54 | 3.55 | 40.1 % |
| Net Income | 1.11 | 2.54 | 129.8 % |
| Average Shares | 108.70 | 108.70 | - |
| EPS (Riyals) | 0.01 | 0.02 | 129.8 % |
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