Riyadh Cement H1 2023 profit up 53% to SAR 126.7 mln

24/08/2023 Argaam Exclusive

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Share Price

Riyadh Cement Co.
27.10
0.05 0.18 %

Riyadh Cement Co. (RCC) posted a 53% rise in H1 2023 net profit to SAR 126.7 million from SAR 82.7 million in H1 2022. 



Financials (M)

Item 6m 2022 6m 2023 Change‬
Revenues 258.61 344.75 33.3 %
Gross Income 103.31 151.92 47.1 %
Operating Income 88.09 133.56 51.6 %
Net Income 82.68 126.65 53.2 %
Average Shares 120.00 120.00 -
EPS (Riyals) 0.69 1.06 53.2 %

The profit growth was driven by higher sales, despite the increase in general and administrative expenses.



Total shareholders’ equity, no minority interest, reached SAR 1.71 billion as of June 30, 2023, up from SAR 1.65 billion a year earlier. 

 

                                                              Historical Data

Period

Revenue

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR)

H1 2019

266.90

72.13

0.60

H2 2019

327.10

117.92

0.98

H1 2020

298.88

121.33

1.01

H2 2020

291.41

98.62

0.82

H1 2021

401.44

160.39

1.34

H2 2021

269.63

53.34

0.44

H1 2022

258.61

82.68

0.69

H2 2022

339.40

104.77

0.87

H1 2023

344.75

126.65

1.06

 

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