Saudi White Cement’s H1 2020 net profit rises 68% to SAR 121 mln

08/09/2020 Argaam Exclusive

View other reports

Saudi White Cement Co. reported a net profit after Zakat and tax of SAR 121.3 million in the first half of 2020, compared to SAR 72.1 million in the same period last year.

Financials (M)

Item	6m 2019	6m 2020	Change‬
Revenues	266.90	298.88	12.0 %
Gross Income	88.58	135.05	52.5 %
Operating Income	76.88	124.78	62.3 %
Net Income	72.13	121.33	68.2 %
Average Shares	120.00	120.00	-
EPS (Riyals)	0.60	1.01	68.2 %

The company attributed the increase to higher revenue, lower financing costs and decline in general and administrative expenses despite an increase in Zakat provision.

Current Half Annual Comparison (M)

Compared With The

Item	H1 2019	H1 2020	Change‬
Revenues	125.08	101.97	(18.5 %)
Gross Income	44.45	42.58	(4.2 %)
Operating Income	37.72	37.32	(1.1 %)
Net Income	35.76	35.16	(1.7 %)
Average Shares	120.00	120.00	-
EPS (Riyals)	0.30	0.29	(1.7 %)

Total shareholders' equity after deducting minority equity fell 1.83% year-on-year (YoY) to SAR 1.71 billion in H1 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.

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

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

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.

×