City Cement Co. reported a net profit after Zakat and tax of SAR 220.5 million in 2020, compared to a net profit of SAR 190 million a year earlier, backed by higher sales revenue and volumes, along with a rise in other revenue.
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Revenues | 531.38 | 572.73 | 7.8 % |
| Gross Income | 231.11 | 256.96 | 11.2 % |
| Operating Income | 195.03 | 219.81 | 12.7 % |
| Net Income | 190.10 | 220.49 | 16.0 % |
| Average Shares | 140.00 | 140.00 | - |
| EPS (Riyals) | 1.36 | 1.57 | 16.0 % |
In Q4 2020, the cement producer posted a decrease of 5% year-on-year (YoY) in net profit after Zakat and tax to SAR 62.7 million.
Shareholders’ equity, excluding minority interest, stood at SAR 1.845 billion in 2020, a drop of 18.3% YoY.
| Item | Q4 2019 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 158.26 | 152.99 | (3.3 %) |
| Gross Income | 81.36 | 65.33 | (19.7 %) |
| Operating Income | 71.94 | 55.90 | (22.3 %) |
| Net Income | 65.90 | 57.27 | (13.1 %) |
| Average Shares | 140.00 | 140.00 | - |
| EPS (Riyals) | 0.47 | 0.41 | (13.1 %) |
| Item | Q3 2020 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 140.60 | 152.99 | 8.8 % |
| Gross Income | 62.43 | 65.33 | 4.6 % |
| Operating Income | 53.54 | 55.90 | 4.4 % |
| Net Income | 52.95 | 57.27 | 8.2 % |
| Average Shares | 140.00 | 140.00 | - |
| EPS (Riyals) | 0.38 | 0.41 | 8.2 % |
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