Financial Results : Najran Cement Q1 2021 net profit surges 51% to SAR 60.7 mln

Najran Cement Q1 2021 net profit surges 51% to SAR 60.7 mln

02/05/2021 Argaam Exclusive

View other reports

Najran Cement Co. reported a net profit after Zakat and tax of SAR 60.7 million for Q1 2021, a rise of 51% from SAR 40.1 million in the year-ago period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2020 Q1 2021 Change‬
Revenues 156.38 184.43 17.9 %
Gross Income 56.43 75.39 33.6 %
Operating Income 46.06 63.46 37.8 %
Net Income 40.12 60.34 50.4 %
Average Shares 170.00 170.00 -
EPS (Riyals) 0.24 0.35 50.4 %

The quarterly figures were driven by higher sales volumes, a decline in the cost of sales per ton and lower finance expenses.

When compared to Q4 2020, the company’s net profit after Zakat and tax decreased by 27.5% from SAR 83.8 million, hit by the positive impact of finalizing Zakat assessments of previous years on the previous quarterly results.

 

Shareholders’ equity, excluding minority interest, declined 1.7% to SAR 1.988 billion by the end of Q1 2021, compared to SAR 2.023 billion in the year-ago period.

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
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.