Umm Al-Qura Cement 9M 2024 profit rises to SAR 40.1M; Q3 at SAR 10M

31/10/2024 Argaam Exclusive

Umm Al-Qura Cement Co.'s net profit surged to SAR 40.1 million for the first nine months of 2024, from SAR 10.1 million in the prior-year period.



Financials (M)

Item 9m 2023 9m 2024 Change‬
Revenues 118.51 193.04 62.9 %
Gross Income 28.73 67.14 133.7 %
Operating Income 16.13 54.39 237.1 %
Net Income 10.05 40.05 298.5 %
Average Shares 55.00 55.00 -
EPS (Riyals) 0.18 0.73 298.5 %

The nine-month profit rise was spurred by improved revenue on higher sales volumes and value. The cement producer also cited better average selling prices and a return to normal cement production volumes.



Current Quarter Comparison (M)

Compared With The
Item Q3 2023 Q3 2024 Change‬
Revenues 33.52 61.84 84.5 %
Gross Income 2.49 18.38 638.1 %
Operating Income (2.70) 14.27 628.7 %
Net Income 1.45 10.00 591.3 %
Average Shares 55.00 55.00 -
EPS (Riyals) 0.03 0.18 591.3 %

The third-quarter net profit saw a spike to SAR 10 million, from SAR 1.4 million in Q3 2023, thanks to higher revenue and average selling prices.

 

The net earnings, however, dropped by 35.8% from SAR 15.5 million in Q2 2024, as the topline declined on a quarterly basis on lower sales value and average selling price per ton.

 

Total shareholders’ equity, no minority interest, reached SAR 806.20 million by the end of September 2024, up from SAR 772.21 million in the year-earlier period.

View more financial results

 

View other reports

Share Price

Umm Al-Qura Cement Co.
18.50
0.02 0.11 %

Umm Al-Qura Cement Co. (UACC)

More


Financial Ratios
Current
Market Cap (M Riyal) 1,017.50
Enterprise Value (EV) (M) 1,274.00
Shares Outstanding ((M)) 55.00
EPS ( Riyal) (TTM) 0.62
Book Value (BV) ( Riyal) 14.66
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 29.97
P/E (TTM) 29.97
Price/book 1.26
Return on Average Assets (%) (TTM) 2.9
Return on Average Equity (%) (TTM) 4.3
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