Northern Region Cement's 2014 profit down to SAR 234.2 mln

Northern Region Cement Company reported 2014 net profit of SAR 234.2 million compared to SAR 234.6 million for the last year.

A net profit of SAR 60 million was reported for Q4-2014 compared to SAR 51.4 million for Q3.

Financials (M)

Item	2013	2014	Change‬
Revenues	852.44	999.14	17.2 %
Gross Income	354.51	393.40	11.0 %
Operating Income	242.34	262.89	8.5 %
Net Income	234.62	200.01	(14.7 %)
Average Shares	180.00	180.00	-
EPS (Riyals)	1.30	1.11	(14.7 %)

The company attributed the decline of 2014’s profit compared to the same period last year to the increase of S&M expenses and financial charges and the decline of the company’s share of its affiliates’ profit as well as the decline of cement sales and the increase of imported clinker’s sales which has higher cost.

The increase of Q4-2014’s net profit compared to the same period last year was attributed to the increase of cement and clinker sales and the decline of Zakat provision.

The increase of Q4’s net profit compared to the previous quarter (Q3-2014) was attributed to the increase of cement and clinker sales.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2013	Q4 2014	Change‬
Revenues	247.28	257.47	4.1 %
Gross Income	140.41	110.72	(21.1 %)
Operating Income	63.29	68.20	7.8 %
Net Income	51.58	25.81	(50.0 %)
Average Shares	180.00	180.00	-
EPS (Riyals)	0.29	0.14	(50.0 %)

Item	Q3 2014	Q4 2014	Change‬
Revenues	203.39	257.47	26.6 %
Gross Income	78.10	110.72	41.8 %
Operating Income	59.00	68.20	15.6 %
Net Income	51.35	25.81	(49.7 %)
Average Shares	180.00	180.00	-
EPS (Riyals)	0.29	0.14	(49.7 %)

View other reports

Share Price

Northern Region Cement Co. (NORTHERN CEMENT)

	Current
Market Cap (M Riyal)	1,614.60
Enterprise Value (EV) (M)	2,416.74
Shares Outstanding ((M))	180.00
EPS ( Riyal) (TTM)	0.41
Book Value (BV) ( Riyal)	12.65
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	More than 100
P/E (TTM)	21.94
Price/book	0.71
Return on Average Assets (%) (TTM)	2.1
Return on Average Equity (%) (TTM)	3.3

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2005	-	-	-	-	-	-
Q2 2005	-	-	-	-	-	-
Q3 2005	-	-	-	-	-	-
Q4 2005	-	-	-	-	-	-
2005	-	-	-	-	-	-
Q1 2006	-	-	-	-	-	-
Q2 2006	-	-	-	-	-	-
Q3 2006	-	-	-	-	-	-
Q4 2006	-	-	-	-	-	-
2006	-	-	-	-	-	-
Q1 2007	-	-	-	-	-	-
Q2 2007	-	-	-	-	-	-
Q3 2007	-	-	-	-	-	-
Q4 2007	-	-	-	-	-	-
2007	-	-	-	-	-	-
Q1 2008	-	-	-	-	-	-
Q2 2008	-	-	-	-	-	-
Q3 2008	-	-	-	-	-	-
Q4 2008	-	-	-	-	-	-
2008	20.50	-	9.39	-	6.91	-
Q1 2009	-	-	-	-	-	-
Q2 2009	-	-	-	-	-	-
Q3 2009	-	-	-	-	-	-
Q4 2009	-	-	-	-	-	-
2009	444.59	2068.7 %	199.21	2021.7 %	179.83	2503.2 %
Q1 2010	-	-	-	-	-	-
Q2 2010	-	-	-	-	-	-
Q3 2010	-	-	-	-	-	-
Q4 2010	-	-	-	-	-	-
2010	893.97	101.1 %	320.96	61.1 %	292.93	62.9 %
Q1 2011	-	-	-	-	-	-
Q2 2011	-	-	-	-	-	-
Q3 2011	-	-	-	-	-	-
Q4 2011	-	-	-	-	-	-
2011	586.76	(34.4 %)	237.30	(26.1 %)	199.62	(31.9 %)
Q1 2012	152.74	-	50.70	-	43.94	-
Q2 2012	154.83	-	39.20	-	28.97	-
Q3 2012	118.55	-	16.67	-	8.36	-
Q4 2012	112.52	-	30.75	-	20.71	-
2012	538.63	(8.2 %)	137.33	(42.1 %)	101.97	(48.9 %)
Q1 2013	181.77	19.0 %	56.90	12.2 %	45.02	2.5 %
Q2 2013	255.94	65.3 %	97.75	149.3 %	85.28	194.4 %
Q3 2013	167.45	41.3 %	59.46	256.6 %	48.75	483.2 %
Q4 2013	247.28	119.8 %	140.41	356.6 %	63.29	205.7 %
2013	852.44	58.3 %	354.51	158.1 %	242.34	137.7 %
Q1 2014	308.53	69.7 %	116.34	104.5 %	68.15	51.4 %
Q2 2014	229.75	(10.2 %)	88.24	(9.7 %)	67.55	(20.8 %)
Q3 2014	203.39	21.5 %	78.10	31.4 %	59.00	21.0 %
Q4 2014	257.47	4.1 %	110.72	(21.1 %)	68.20	7.8 %
2014	999.14	17.2 %	393.40	11.0 %	262.89	8.5 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2005	-	-	-	-	-	-
2006	-	-	-	-	-	-
2007	-	-	-	-	-	-
2008	20.50	-	9.39	-	6.91	-
2009	444.59	2068.7 %	199.21	2021.7 %	179.83	2503.2 %
2010	893.97	101.1 %	320.96	61.1 %	292.93	62.9 %
2011	586.76	(34.4 %)	237.30	(26.1 %)	199.62	(31.9 %)
2012	538.63	(8.2 %)	137.33	(42.1 %)	101.97	(48.9 %)
2013	852.44	58.3 %	354.51	158.1 %	242.34	137.7 %
2014	999.14	17.2 %	393.40	11.0 %	262.89	8.5 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2005	-	-	-	-	-	-
Q2 2005	-	-	-	-	-	-
Q3 2005	-	-	-	-	-	-
Q4 2005	-	-	-	-	-	-
2005	-	-	-	-	-	-
Q1 2006	-	-	-	-	-	-
Q2 2006	-	-	-	-	-	-
Q3 2006	-	-	-	-	-	-
Q4 2006	-	-	-	-	-	-
2006	-	-	-	-	-	-
Q1 2007	-	-	-	-	-	-
Q2 2007	-	-	-	-	-	-
Q3 2007	-	-	-	-	-	-
Q4 2007	-	-	-	-	-	-
2007	-	-	-	-	-	-
Q1 2008	-	-	-	-	-	-
Q2 2008	-	-	-	-	-	-
Q3 2008	-	-	-	-	-	-
Q4 2008	-	-	-	-	-	-
2008	72.82	-	0.40	(10.48)	83.30	0.46
Q1 2009	-	-	-	-	-	-
Q2 2009	-	-	-	-	-	-
Q3 2009	-	-	-	-	-	-
Q4 2009	-	-	-	-	-	-
2009	171.66	135.7 %	0.95	(2.30)	173.96	0.97
Q1 2010	-	-	-	-	-	-
Q2 2010	-	-	-	-	-	-
Q3 2010	-	-	-	-	-	-
Q4 2010	-	-	-	-	-	-
2010	284.96	66.0 %	1.58	-	284.96	1.58
Q1 2011	-	-	-	-	-	-
Q2 2011	-	-	-	-	-	-
Q3 2011	-	-	-	-	-	-
Q4 2011	-	-	-	-	-	-
2011	246.20	(13.6 %)	1.37	66.19	180.01	1.00
Q1 2012	39.47	-	0.22	-	39.47	0.22
Q2 2012	28.73	-	0.16	-	28.73	0.16
Q3 2012	7.28	-	0.04	-	7.28	0.04
Q4 2012	17.94	-	0.10	-	17.94	0.10
2012	93.42	(62.1 %)	0.52	-	93.42	0.52
Q1 2013	42.79	8.4 %	0.24	-	42.79	0.24
Q2 2013	90.20	213.9 %	0.50	-	90.20	0.50
Q3 2013	50.04	587.1 %	0.28	-	50.04	0.28
Q4 2013	51.58	187.6 %	0.29	-	51.58	0.29
2013	234.62	151.2 %	1.30	-	234.62	1.30
Q1 2014	60.76	42.0 %	0.34	-	60.76	0.34
Q2 2014	62.09	(31.2 %)	0.34	-	62.09	0.34
Q3 2014	51.35	2.6 %	0.29	-	51.35	0.29
Q4 2014	25.81	(50.0 %)	0.14	(30.02)	55.83	0.31
2014	200.01	(14.7 %)	1.11	(30.02)	230.04	1.28

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2005	-	-	-	-	-	-
2006	-	-	-	-	-	-
2007	-	-	-	-	-	-
2008	72.82	-	0.40	(10.48)	83.30	0.46
2009	171.66	135.7 %	0.95	(2.30)	173.96	0.97
2010	284.96	66.0 %	1.58	-	284.96	1.58
2011	246.20	(13.6 %)	1.37	66.19	180.01	1.00
2012	93.42	(62.1 %)	0.52	-	93.42	0.52
2013	234.62	151.2 %	1.30	-	234.62	1.30
2014	200.01	(14.7 %)	1.11	(30.02)	230.04	1.28

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2005	-	-	-
Q2 2005	-	-	-
Q3 2005	-	-	-
Q4 2005	-	-	-
2005	-	-	-
Q1 2006	-	-	-
Q2 2006	-	-	-
Q3 2006	-	-	-
Q4 2006	-	-	-
2006	-	-	-
Q1 2007	-	-	-
Q2 2007	-	-	-
Q3 2007	-	-	-
Q4 2007	-	-	-
2007	-	-	-
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
2008	45.80 %	99.21 %	406.36 %
Q1 2009	-	-	-
Q2 2009	-	-	-
Q3 2009	-	-	-
Q4 2009	-	-	-
2009	44.81 %	56.09 %	39.13 %
Q1 2010	-	-	-
Q2 2010	-	-	-
Q3 2010	-	-	-
Q4 2010	-	-	-
2010	35.90 %	40.21 %	31.88 %
Q1 2011	-	-	-
Q2 2011	-	-	-
Q3 2011	-	-	-
Q4 2011	-	-	-
2011	40.44 %	45.10 %	30.68 %
Q1 2012	-	-	-
Q2 2012	-	-	-
Q3 2012	-	-	-
Q4 2012	25.50 %	32.44 %	17.34 %
2012	25.50 %	32.44 %	17.34 %
Q1 2013	25.28 %	31.98 %	17.04 %
Q2 2013	30.21 %	36.51 %	23.66 %
Q3 2013	34.12 %	41.22 %	28.00 %
Q4 2013	41.59 %	39.64 %	27.52 %
2013	41.59 %	39.64 %	27.52 %
Q1 2014	42.27 %	37.12 %	25.80 %
Q2 2014	42.44 %	36.65 %	23.55 %
Q3 2014	42.78 %	36.24 %	22.83 %
Q4 2014	39.37 %	37.45 %	23.02 %
2014	39.37 %	37.45 %	23.02 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2005	-	-	-
2006	-	-	-
2007	-	-	-
2008	45.80 %	99.21 %	406.36 %
2009	44.81 %	56.09 %	39.13 %
2010	35.90 %	40.21 %	31.88 %
2011	40.44 %	45.10 %	30.68 %
2012	25.50 %	32.44 %	17.34 %
2013	41.59 %	39.64 %	27.52 %
2014	39.37 %	37.45 %	23.02 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2005	-	-	-
Q2 2005	-	-	-
Q3 2005	-	-	-
Q4 2005	-	-	-
Q1 2006	-	-	-
Q2 2006	-	-	-
Q3 2006	-	-	-
Q4 2006	-	-	-
Q1 2007	-	-	-
Q2 2007	-	-	-
Q3 2007	-	-	-
Q4 2007	-	-	-
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
Q1 2009	-	-	-
Q2 2009	-	-	-
Q3 2009	-	-	-
Q4 2009	-	-	-
Q1 2010	-	-	-
Q2 2010	-	-	-
Q3 2010	-	-	-
Q4 2010	-	-	-
Q1 2011	-	-	-
Q2 2011	-	-	-
Q3 2011	-	-	-
Q4 2011	-	-	-
Q1 2012	33.20 %	39.83 %	25.84 %
Q2 2012	25.32 %	29.61 %	18.56 %
Q3 2012	14.06 %	21.66 %	6.14 %
Q4 2012	27.33 %	37.66 %	15.94 %
Q1 2013	31.30 %	37.21 %	23.54 %
Q2 2013	38.19 %	42.38 %	35.24 %
Q3 2013	35.51 %	46.20 %	29.88 %
Q4 2013	56.78 %	34.14 %	20.86 %
Q1 2014	37.71 %	30.21 %	19.70 %
Q2 2014	38.41 %	41.03 %	27.03 %
Q3 2014	38.40 %	42.53 %	25.24 %
Q4 2014	43.00 %	38.92 %	21.68 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2005	-	-	-	-
Q2 2005	-	-	-	-
Q3 2005	-	-	-	-
Q4 2005	-	-	-	-
Q1 2006	-	-	-	-
Q2 2006	-	-	-	-
Q3 2006	-	-	-	-
Q4 2006	-	-	-	-
Q1 2007	-	-	-	-
Q2 2007	-	-	-	-
Q3 2007	-	-	-	-
Q4 2007	-	-	-	-
Q1 2008	-	-	-	-
Q2 2008	-	-	-	-
Q3 2008	-	-	-	-
Q4 2008	-	-	-	-
Q1 2009	-	-	-	-
Q2 2009	-	-	-	-
Q3 2009	-	-	-	-
Q4 2009	-	-	-	-
Q1 2010	-	-	-	-
Q2 2010	-	-	-	-
Q3 2010	-	-	-	-
Q4 2010	-	-	-	-
Q1 2011	-	-	-	-
Q2 2011	-	-	-	-
Q3 2011	-	-	-	-
Q4 2011	-	-	-	-
Q1 2012	180.00	-	-	7.86
Q2 2012	180.00	-	-	7.90
Q3 2012	180.00	-	-	7.78
Q4 2012	180.00	0.52	0.52	7.88
Q1 2013	180.00	0.54	0.54	12.96
Q2 2013	180.00	0.88	0.88	12.76
Q3 2013	180.00	1.12	1.12	12.04
Q4 2013	180.00	1.30	1.30	12.28
Q1 2014	180.00	1.40	1.40	11.62
Q2 2014	180.00	1.25	1.25	11.96
Q3 2014	180.00	1.25	1.25	11.25
Q4 2014	180.00	1.11	1.28	11.39

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2005	-	-	-	-
2006	-	-	-	-
2007	-	-	-	-
2008	180.00	0.40	0.46	3.82
2009	180.00	0.95	0.97	4.76
2010	180.00	1.58	1.58	4.64
2011	180.00	1.37	1.00	7.64
2012	180.00	0.52	0.52	7.88
2013	180.00	1.30	1.30	12.28
2014	180.00	1.11	1.28	11.39

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2005	-	-	-
Q2 2005	-	-	-
Q3 2005	-	-	-
Q4 2005	-	-	-
Q1 2006	-	-	-
Q2 2006	-	-	-
Q3 2006	-	-	-
Q4 2006	-	-	-
Q1 2007	-	-	-
Q2 2007	-	-	-
Q3 2007	-	-	-
Q4 2007	-	-	-
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
Q1 2009	-	-	-
Q2 2009	-	-	-
Q3 2009	-	-	-
Q4 2009	-	-	-
Q1 2010	-	-	-
Q2 2010	-	-	-
Q3 2010	-	-	-
Q4 2010	-	-	-
Q1 2011	-	-	-
Q2 2011	-	-	-
Q3 2011	-	-	-
Q4 2011	-	-	-
Q1 2012	-	-	-
Q2 2012	-	-	-
Q3 2012	-	-	-
Q4 2012	-	-	-
Q1 2013	35.07	35.07	1.45
Q2 2013	23.61	23.61	1.63
Q3 2013	20.42	20.42	1.89
Q4 2013	17.76	17.76	1.89
Q1 2014	17.07	17.07	2.06
Q2 2014	20.30	20.30	2.12
Q3 2014	21.54	21.54	2.40
Q4 2014	19.00	16.52	1.85

Period	P/E	Adjusted P/E	Price/book
2005	-	-	-
2006	-	-	-
2007	-	-	-
2008	-	-	-
2009	-	-	-
2010	-	-	-
2011	-	-	-
2012	-	-	-
2013	17.76	17.76	1.89
2014	19.00	16.52	1.85

Analysts Estimates (Million)

Item	Q4 2014 (e)	Q4 2014 (a)	Change‬
Average	73.00	25.81	(64.6 %)

Estimates vs Actual (Million)

Item	Q4 2014 (e)	Q4 2014 (a)	Change
OSOOL AND BAKHEET	73.00	25.81	(64.6) %

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

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.

Northern Region Cement's 2014 profit down to SAR 234.2 mln

Financials (M)

Current Quarter Comparison (M)

View other reports

Share Price

Northern Region Cement Co. (NORTHERN CEMENT)

Financial Ratios

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Popular Links

Quick Links

About Us

Join Us

Follow Us