Al-Jouf Cement 9M 2024 profit down to SAR 30.6M; Q3 at SAR 10M

10/11/2024 Argaam Exclusive

Al Jouf Cement Co. posted a profit decline in the first nine months of 2024 to SAR 30.6 million, compared to SAR 44.2 million in the year-earlier period.



Financials (M)

Item 9m 2023 9m 2024 Change‬
Revenues 217.75 234.94 7.9 %
Gross Income 82.11 77.63 (5.5 %)
Operating Income 68.15 56.79 (16.7 %)
Net Income 44.24 30.61 (30.8 %)
Average Shares 108.70 108.70 -
EPS (Riyals) 0.41 0.28 (30.8 %)

The drop is attributed to declined export sales, as well as an increase in fuel prices and administrative expenses for rescheduling credit facilities.



Current Quarter Comparison (M)

Compared With The
Item Q3 2023 Q3 2024 Change‬
Revenues 79.52 74.93 (5.8 %)
Gross Income 36.99 21.39 (42.2 %)
Operating Income 31.68 12.24 (61.4 %)
Net Income 29.89 10.04 (66.4 %)
Average Shares 108.70 108.70 -
EPS (Riyals) 0.27 0.09 (66.4 %)

In Q3 2024, net profit retreated 66.4% to SAR 10.04 million from SAR 29.89 million in Q3 2023.

 

However, compared to Q2 2023, the bottom line jumped 23.5% from SAR 7.13 million.

 

Shareholders’ equity, no minority interest, reached SAR 1.25 billion as of Sept. 30, 2024, up from SAR 1.18 billion a year earlier.

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Share Price

Al Jouf Cement Co.
10.58
0.48 4.75 %

Al Jouf Cement Co. (JOUF CEMENT)

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Financial Ratios
Current
Market Cap (M Riyal) 1,150.05
Enterprise Value (EV) (M) 1,773.20
Shares Outstanding ((M)) 108.70
EPS ( Riyal) (TTM) 0.39
Book Value (BV) ( Riyal) 11.51
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) 26.93
Price/book 0.92
Return on Average Assets (%) (TTM) 2.1
Return on Average Equity (%) (TTM) 3.5
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