Hail Cement posts 34% profit decline to SAR 41.2 mln in H1 2021

16/08/2021 Argaam Exclusive

Hail Cement Co. reported a net profit after Zakat and tax of SAR 41.2 million for H1 2021, a slump of 34%, from SAR 62 million in the year-earlier period, driven by lower revenue.



Financials (M)

Item 6m 2020 6m 2021 Change‬
Revenues 185.70 147.80 (20.4 %)
Gross Income 83.49 51.36 (38.5 %)
Operating Income 72.08 38.87 (46.1 %)
Net Income 61.97 41.22 (33.5 %)
Average Shares 97.90 97.90 -
EPS (Riyals) 0.63 0.42 (33.5 %)

The Saudi cement producer reported a 29% profit decline year-on-year (YoY) to SAR 15.3 million in Q2 2021, due to lower revenue and higher expenses.

 

On a sequential basis, net profit dropped 40.68%.



Current Quarter Comparison (M)

Compared With The
Item Q2 2020 Q2 2021 Change‬
Revenues 66.24 65.91 (0.5 %)
Gross Income 28.47 20.45 (28.2 %)
Operating Income 23.90 15.03 (37.1 %)
Net Income 21.75 15.35 (29.4 %)
Average Shares 97.90 97.90 -
EPS (Riyals) 0.22 0.16 (29.4 %)

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Share Price

Hail Cement Co.
11.60
0.02 0.17 %


Financial Ratios
Current
Market Cap (M Riyal) 1,135.64
Enterprise Value (EV) (M) 1,030.72
Shares Outstanding ((M)) 97.90
EPS ( Riyal) (TTM) 0.22
Book Value (BV) ( Riyal) 10.02
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 100
P/E (TTM) More than 100
Price/book 1.16
Return on Average Assets (%) (TTM) 1.9
Return on Average Equity (%) (TTM) 2.0
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