City Cement Company’s net profit after Zakat and tax climbed 61% year-on-year (YoY) to SAR 181 million for the fiscal year 2019, driven by higher sales revenue and volume.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 344.90 | 531.38 | 54.1 % |
| Gross Income | 104.24 | 231.11 | 121.7 % |
| Operating Income | 73.12 | 195.03 | 166.7 % |
| Net Income | 112.31 | 190.10 | 69.3 % |
| Average Shares | 140.00 | 140.00 | - |
| EPS (Riyals) | 0.80 | 1.36 | 69.3 % |
In Q4 2019, the cement producer’s net profit dropped 29% YoY to SAR 56.8 million.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 88.39 | 158.26 | 79.1 % |
| Gross Income | 45.32 | 81.36 | 79.5 % |
| Operating Income | 35.61 | 71.94 | 102.0 % |
| Net Income | 79.91 | 65.90 | (17.5 %) |
| Average Shares | 140.00 | 140.00 | - |
| EPS (Riyals) | 0.57 | 0.47 | (17.5 %) |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 127.96 | 158.26 | 23.7 % |
| Gross Income | 56.22 | 81.36 | 44.7 % |
| Operating Income | 47.78 | 71.94 | 50.5 % |
| Net Income | 50.52 | 65.90 | 30.4 % |
| Average Shares | 140.00 | 140.00 | - |
| EPS (Riyals) | 0.36 | 0.47 | 30.4 % |
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