Financial Results : Najran Cement’s net profit surges to SAR 40 mln in Q1 2020

Najran Cement’s net profit surges to SAR 40 mln in Q1 2020

22/04/2020 Argaam Exclusive

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Najran Cement Co. (YCC) reported a net profit after Zakat and tax of SAR 40 million for the first quarter of 2020, compared to a net profit of SAR 6.1 million a year earlier, thanks to higher sales volumes, as well as a decline in the cost of sales and financing charges.

The first quarter net profit after Zakat and tax rose 11.7% when compared to Q4 2019, on higher sales volumes, and lower financing charges.



Current Quarter Comparison (M)

Compared With The
Item Q1 2019 Q1 2020 Change‬
Revenues 106.50 156.38 46.8 %
Gross Income 22.61 56.43 149.5 %
Operating Income 14.04 46.06 228.1 %
Net Income 6.06 40.12 562.4 %
Average Shares 170.00 170.00 -
EPS (Riyals) 0.04 0.24 562.4 %

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