Financial Results : Riyadh Cement net profit rises 16% to SAR 220 mln in 2020

Riyadh Cement net profit rises 16% to SAR 220 mln in 2020

24/03/2021 Argaam Exclusive

View other reports

Riyadh Cement Co. reported a net profit after Zakat and tax of SAR 220 million for 2020, an increase of 16% from SAR 190 million a year earlier.

 

The profit growth was driven by lower operating expenses, finance charges, and higher sales volumes despite a decline in average selling prices.



Financials (M)

Item 2019 2020 Change‬
Revenues 594.00 590.29 (0.6 %)
Gross Income 229.88 254.10 10.5 %
Operating Income 206.12 226.89 10.1 %
Net Income 190.04 219.95 15.7 %
Average Shares 120.00 120.00 -
EPS (Riyals) 1.58 1.83 15.7 %

Total shareholders’ equity, excluding minority interest, edged down 1.10% year-on-year (YoY) to SAR 1.723 billion in 2020.



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.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
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.