Financial Results : Umm Al-Qura Cement net profit falls 19% to SAR 31 mln in Q1 2021

Umm Al-Qura Cement net profit falls 19% to SAR 31 mln in Q1 2021

27/04/2021 Argaam Exclusive

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Umm Al-Qura Cement Co. reported a net profit after Zakat and tax of SAR 31 million in the first quarter of 2021, down 19%, from SAR 38.5 million in the year-earlier period.

 

The decline was attributed to lower sales volumes, higher selling and marketing expenses and a decrease in other income.

 

On a sequential basis, net profit after Zakat and tax increased by 18.1%.



Current Quarter Comparison (M)

Compared With The
Item Q1 2020 Q1 2021 Change‬
Revenues 96.45 90.41 (6.3 %)
Gross Income 48.14 40.86 (15.1 %)
Operating Income 45.00 37.82 (15.9 %)
Net Income 38.51 31.04 (19.4 %)
Average Shares 55.00 55.00 -
EPS (Riyals) 0.70 0.56 (19.4 %)

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