Najran Cement’s net profit surges to SAR 204.3 mln in 2020

23/02/2021 Argaam Exclusive

Najran Cement Co. reported net profit after Zakat and tax of SAR 204.3 million, rising by more than three-fold year-on-year (YoY) for 2020.  

 

The earnings hike was driven by higher sales volumes, lower cost of sales per ton, and decreased finance expenses. 

 

The cement producer also cited the positive impact of finalizing Zakat settlements for the years (2014–2018), which led to a revision of Zakat provisions for those years. 

 

Q4 2020 net profit after Zakat and tax rose 133% to SAR 83.81 million from SAR 35.92 million in the same period last year.



Financials (M)

Item 2019 2020 Change‬
Revenues 416.41 623.20 49.7 %
Gross Income 119.21 249.92 109.6 %
Operating Income 85.32 205.28 140.6 %
Net Income 53.52 200.94 275.5 %
Average Shares 170.00 170.00 -
EPS (Riyals) 0.31 1.18 275.5 %


Current Quarter Comparison (M)

Compared With The
Item Q4 2019 Q4 2020 Change‬
Revenues 136.41 186.41 36.7 %
Gross Income 52.41 81.14 54.8 %
Operating Income 43.71 67.26 53.9 %
Net Income 35.92 80.45 124.0 %
Average Shares 170.00 170.00 -
EPS (Riyals) 0.21 0.47 124.0 %

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Share Price

Najran Cement Co.
9.02
0.05 0.56 %

Najran Cement Co. (NAJRAN CEMENT)

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Financial Ratios
Current
Market Cap (M Riyal) 1,533.40
Enterprise Value (EV) (M) 1,849.99
Shares Outstanding ((M)) 170.00
EPS ( Riyal) (TTM) 0.39
Book Value (BV) ( Riyal) 12.05
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 23.22
P/E (TTM) 23.22
Price/book 0.75
Return on Average Assets (%) (TTM) 2.6
Return on Average Equity (%) (TTM) 3.3
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