Umm Al-Qura Cement Co. reported a net profit after Zakat and tax of SAR 78 million in 2021, a dip of 34% from SAR 117.7 million a year earlier.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 333.33 | 278.83 | (16.3 %) |
| Gross Income | 158.04 | 119.14 | (24.6 %) |
| Operating Income | 144.46 | 105.62 | (26.9 %) |
| Net Income | 117.67 | 81.44 | (30.8 %) |
| Average Shares | 55.00 | 55.00 | - |
| EPS (Riyals) | 2.14 | 1.48 | (30.8 %) |
The profit drop was attributed to a drop in sales volume and value, along with higher selling and marketing expenses.
The company’s Q4 2021 net profit after Zakat and tax fell 39% year-on-year (YoY) to SAR 16 million.
On a sequential basis, Q4 2021 net profit jumped 29% from SAR 12.5 million.
| Item | Q4 2020 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 86.71 | 67.58 | (22.1 %) |
| Gross Income | 37.86 | 27.93 | (26.2 %) |
| Operating Income | 33.38 | 24.24 | (27.4 %) |
| Net Income | 26.27 | 19.51 | (25.7 %) |
| Average Shares | 55.00 | 55.00 | - |
| EPS (Riyals) | 0.48 | 0.35 | (25.7 %) |
| Item | Q3 2021 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 56.96 | 67.58 | 18.6 % |
| Gross Income | 22.40 | 27.93 | 24.7 % |
| Operating Income | 19.11 | 24.24 | 26.9 % |
| Net Income | 12.47 | 19.51 | 56.4 % |
| Average Shares | 55.00 | 55.00 | - |
| EPS (Riyals) | 0.23 | 0.35 | 56.4 % |
Shareholder’s equity, after minority interest, in 2021 stood at SAR 749.076 million, compared to SAR 720.839 million in 2020.
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