City Cement Co. reported a net profit of SAR 82 million in 2023, a 29% dip from SAR 115 million a year earlier, hurt by lower sales volumes.
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Revenues | 431.38 | 356.47 | (17.4 %) |
| Gross Income | 145.44 | 110.43 | (24.1 %) |
| Operating Income | 110.57 | 72.62 | (34.3 %) |
| Net Income | 115.01 | 82.00 | (28.7 %) |
| Average Shares | 140.00 | 140.00 | - |
| EPS (Riyals) | 0.82 | 0.59 | (28.7 %) |
| Item | Q4 2022 | Q4 2023 | Change |
|---|---|---|---|
| Revenues | 133.96 | 99.75 | (25.5 %) |
| Gross Income | 57.85 | 33.62 | (41.9 %) |
| Operating Income | 48.26 | 23.96 | (50.4 %) |
| Net Income | 47.75 | 25.70 | (46.2 %) |
| Average Shares | 140.00 | 140.00 | - |
| EPS (Riyals) | 0.34 | 0.18 | (46.2 %) |
| Item | Q3 2023 | Q4 2023 | Change |
|---|---|---|---|
| Revenues | 70.68 | 99.75 | 41.1 % |
| Gross Income | 12.99 | 33.62 | 158.9 % |
| Operating Income | 2.92 | 23.96 | 721.7 % |
| Net Income | 4.42 | 25.70 | 481.6 % |
| Average Shares | 140.00 | 140.00 | - |
| EPS (Riyals) | 0.03 | 0.18 | 481.6 % |
The fourth-quarter net earnings fell by 46% to SAR 25.7 million from SAR 47.75 million in Q4 2022.
The cement producer’s bottom line skyrocketed from SAR 4.42 million in Q3 2023.
Shareholders’ equity, after minority interest, stood at SAR 1.77 billion as of Dec. 31, 2023, down from SAR 1.81 billion a year earlier.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}