Financial Results : Umm Al-Qura Cement posts 79% profit jump in Q1 2020

Umm Al-Qura Cement posts 79% profit jump in Q1 2020

22/04/2020 Argaam Exclusive

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Umm Al-Qura Cement Co. reported a 79.15% jump year-on-year (YoY) in net profit after Zakat and tax to SAR 38.5 million for the first quarter of 2020.

 

The profit hike was driven by higher sales volumes, revenue, and improved selling prices. The cement producer also cited higher other revenues despite increased general and administrative expenses.

 

On a sequential basis, net profit after Zakat and tax increased by 42%.



Current Quarter Comparison (M)

Compared With The
Item Q1 2019 Q1 2020 Change‬
Revenues 63.53 96.45 51.8 %
Gross Income 30.33 48.14 58.7 %
Operating Income 27.81 45.00 61.8 %
Net Income 21.50 38.51 79.2 %
Average Shares 55.00 55.00 -
EPS (Riyals) 0.39 0.70 79.2 %

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