Eastern Cement posts SAR 181 mln net profit in FY2019

18/03/2020 Argaam Exclusive

Eastern Province Cement Co. reported a net profit after Zakat and tax of SAR 181 million for fiscal year 2019, an increase of 158.6% year-on-year (YoY), as compared to SAR 70 million in the same period a year earlier.



Financials (M)

Item 2018 2019 Change‬
Revenues 565.74 728.80 28.8 %
Gross Income 131.16 217.96 66.2 %
Operating Income 68.86 161.47 134.5 %
Net Income 69.75 180.70 159.1 %
Average Shares 86.00 86.00 -
EPS (Riyals) 0.81 2.10 159.1 %

The profit increase is attributed to higher sales revenue on an increase in sales volumes and improvement in selling prices, the company said in a Tadawul statement.

 

The company also cited an increase in investment income, a decrease in Zakat provisions, written-back credit loss provisions, as well as a reduction in losses from writing off properties, machinery and equipment.

 

The company also posted a net profit of SAR 66.8 million in Q4 2019, an increase of 158.8% YoY.



Current Quarter Comparison (M)

Compared With The
Item Q4 2018 Q4 2019 Change‬
Revenues 153.44 215.00 40.1 %
Gross Income 39.71 69.95 76.1 %
Operating Income 24.01 59.39 147.4 %
Net Income 25.56 66.49 160.1 %
Average Shares 86.00 86.00 -
EPS (Riyals) 0.30 0.77 160.1 %

View other reports

Share Price

Eastern Province Cement Co.
34.70
0.05 0.14 %

Eastern Province Cement Co. (EPCCO)

More


Financial Ratios
Current
Market Cap (M Riyal) 2,984.20
Enterprise Value (EV) (M) 2,762.40
Shares Outstanding ((M)) 86.00
EPS ( Riyal) (TTM) 2.55
Book Value (BV) ( Riyal) 28.19
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 11.86
P/E (TTM) 13.60
Price/book 1.23
Return on Average Assets (%) (TTM) 7.7
Return on Average Equity (%) (TTM) 9.2
more

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request