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%.
| 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 %) |
| Item | Q4 2020 | Q1 2021 | Change |
|---|---|---|---|
| Revenues | 86.71 | 90.41 | 4.3 % |
| Gross Income | 37.86 | 40.86 | 7.9 % |
| Operating Income | 33.38 | 37.82 | 13.3 % |
| Net Income | 26.27 | 31.04 | 18.1 % |
| Average Shares | 55.00 | 55.00 | - |
| EPS (Riyals) | 0.48 | 0.56 | 18.1 % |
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