Hail Cement Co. reported a net profit of SAR 18.5 million in Q1 2023, versus a net loss of SAR 6.9 million in a prior-year period.
| Item | Q1 2022 | Q1 2023 | Change |
|---|---|---|---|
| Revenues | 68.62 | 61.85 | (9.9 %) |
| Gross Income | (1.64) | 22.59 | 1476.0 % |
| Operating Income | (7.36) | 16.06 | 318.2 % |
| Net Income | (6.89) | 18.51 | 368.6 % |
| Average Shares | 97.90 | 97.90 | - |
| EPS (Riyals) | (0.07) | 0.19 | 368.6 % |
| Item | Q4 2022 | Q1 2023 | Change |
|---|---|---|---|
| Revenues | 97.25 | 61.85 | (36.4 %) |
| Gross Income | 30.53 | 22.59 | (26.0 %) |
| Operating Income | 26.15 | 16.06 | (38.6 %) |
| Net Income | 22.32 | 18.51 | (17.1 %) |
| Average Shares | 97.90 | 97.90 | - |
| EPS (Riyals) | 0.23 | 0.19 | (17.1 %) |
This was driven by lower cost of sales and decreased Zakat expenses.
On a quarterly basis, net earnings decreased by 17.1% from SAR 22.32 million on lower revenue, despite higher returns from financial investments at fair value and increase in other revenues.
Total shareholders’ equity, no minority interest, stood at SAR 1.07 billion as of March 31, 2023, compared to SAR 1.09 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}}