City Cement H1 2023 profit leaps 24% to SAR 51.9 mln; Q2 at SAR 24.3 mln

08/08/2023 Argaam Exclusive

View other reports

City Cement Co.’s net profit rose 24% to SAR 51.9 million in H1 2023, compared with SAR 42 million in the year-earlier period, due to higher sales and other revenues.

Financials (M)

Item	6m 2022	6m 2023	Change‬
Revenues	197.34	186.04	(5.7 %)
Gross Income	59.15	63.83	7.9 %
Operating Income	41.70	45.81	9.8 %
Net Income	41.99	51.88	23.5 %
Average Shares	140.00	140.00	-
EPS (Riyals)	0.30	0.37	23.5 %

Q2 2023 net profit fell 2% year-on-year (YoY) to SAR 24.3 million on lower sales.

On a sequential basis, Q2 2022 net profit dropped 11.9% from SAR 27.59 million.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2022	Q2 2023	Change‬
Revenues	89.24	77.79	(12.8 %)
Gross Income	32.87	30.84	(6.2 %)
Operating Income	24.23	21.60	(10.9 %)
Net Income	24.84	24.29	(2.2 %)
Average Shares	140.00	140.00	-
EPS (Riyals)	0.18	0.17	(2.2 %)

Item	Q1 2023	Q2 2023	Change‬
Revenues	108.25	77.79	(28.1 %)
Gross Income	32.98	30.84	(6.5 %)
Operating Income	24.20	21.60	(10.7 %)
Net Income	27.59	24.29	(11.9 %)
Average Shares	140.00	140.00	-
EPS (Riyals)	0.20	0.17	(11.9 %)

Shareholders’ equity, no minority interest, stood at SAR 1.800 billion as of June 30, 2023, from SAR 1.802 billion a year earlier.

View More Financial Results

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.

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.

×