City Cement Co. reported a net profit after Zakat and tax of SAR 157.8 million in the first nine months of 2020, compared to a net profit of SAR 124.2 million a year earlier, backed by higher sales revenue and volumes, along with a rise in other revenue.
| Item | 9m 2019 | 9m 2020 | Change |
|---|---|---|---|
| Revenues | 373.12 | 419.74 | 12.5 % |
| Gross Income | 149.76 | 191.63 | 28.0 % |
| Operating Income | 123.10 | 163.91 | 33.2 % |
| Net Income | 124.19 | 163.22 | 31.4 % |
| Average Shares | 140.00 | 140.00 | - |
| EPS (Riyals) | 0.89 | 1.17 | 31.4 % |
In Q3 2020, the cement producer posted a marginal rise of 1% year-on-year (YoY) in net profit after Zakat and tax to SAR 51.1 million, on higher sales revenue and volumes, as well as lower general and administrative expenses.
When compared to the previous quarter, Q3 2020 net profit jumped 41.2%.
| Item | Q3 2019 | Q3 2020 | Change |
|---|---|---|---|
| Revenues | 127.96 | 140.60 | 9.9 % |
| Gross Income | 56.22 | 62.43 | 11.1 % |
| Operating Income | 47.78 | 53.54 | 12.0 % |
| Net Income | 50.52 | 52.95 | 4.8 % |
| Average Shares | 140.00 | 140.00 | - |
| EPS (Riyals) | 0.36 | 0.38 | 4.8 % |
| Item | Q2 2020 | Q3 2020 | Change |
|---|---|---|---|
| Revenues | 108.87 | 140.60 | 29.2 % |
| Gross Income | 46.96 | 62.43 | 32.9 % |
| Operating Income | 38.26 | 53.54 | 39.9 % |
| Net Income | 38.04 | 52.95 | 39.2 % |
| Average Shares | 140.00 | 140.00 | - |
| EPS (Riyals) | 0.27 | 0.38 | 39.2 % |
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