City Cement’s net profit surges 61% in FY19

15/03/2020 Argaam Exclusive

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City Cement Company’s net profit after Zakat and tax climbed 61% year-on-year (YoY) to SAR 181 million for the fiscal year 2019, driven by higher sales revenue and volume.

Financials (M)

Item	2018	2019	Change‬
Revenues	344.90	531.38	54.1 %
Gross Income	104.24	231.11	121.7 %
Operating Income	73.12	195.03	166.7 %
Net Income	112.31	190.10	69.3 %
Average Shares	140.00	140.00	-
EPS (Riyals)	0.80	1.36	69.3 %

In Q4 2019, the cement producer’s net profit dropped 29% YoY to SAR 56.8 million.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2018	Q4 2019	Change‬
Revenues	88.39	158.26	79.1 %
Gross Income	45.32	81.36	79.5 %
Operating Income	35.61	71.94	102.0 %
Net Income	79.91	65.90	(17.5 %)
Average Shares	140.00	140.00	-
EPS (Riyals)	0.57	0.47	(17.5 %)

Item	Q3 2019	Q4 2019	Change‬
Revenues	127.96	158.26	23.7 %
Gross Income	56.22	81.36	44.7 %
Operating Income	47.78	71.94	50.5 %
Net Income	50.52	65.90	30.4 %
Average Shares	140.00	140.00	-
EPS (Riyals)	0.36	0.47	30.4 %

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

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