Riyadh Cement Co. posted a 4% decline in Q1 2024 net profit to SAR 70.1 million from SAR 73.4 million in the prior-year period.
| Item | Q1 2023 | Q1 2024 | Change |
|---|---|---|---|
| Revenues | 190.01 | 188.89 | (0.6 %) |
| Gross Income | 86.50 | 76.76 | (11.3 %) |
| Operating Income | 76.52 | 67.89 | (11.3 %) |
| Net Income | 73.36 | 70.10 | (4.4 %) |
| Average Shares | 120.00 | 120.00 | - |
| EPS (Riyals) | 0.61 | 0.58 | (4.4 %) |
| Item | Q4 2023 | Q1 2024 | Change |
|---|
The cement producer cited lower sales on a yearly basis due to a decline in sales volumes compared to Q1 2023.
The cost of sales also increased in Q1 2024, compared to a year earlier, despite a rise in the company’s other income in the current three-month period.
The company has no comparative figures due to its transition from the Nomu-Parallel Market to the Main Market.
Shareholders’ equity, no minority interest, rose to SAR 1.74 billion as of March 31, 2024, from SAR 1.67 billion a year earlier.
| Company | Estimated | Actual | Change |
|---|---|---|---|
| MIS | 42.00 | 73.09 | 74.0 % |
| SACO | (9.40) | (4.55) | 51.6 % |
| RIYADH CEMENT | 58.00 | 70.10 | 20.9 % |
| ALARABIA | 89.43 | 100.82 | 12.7 % |
| CHEMANOL | (18.00) | (24.48) | (36.0 %) |
| CENOMI RETAIL | (76.19) | (151.82) | (99.3 %) |
| Company | Estimated | Actual | Change |
|---|---|---|---|
| AVALON PHARMA | 1.97 | 9.37 | 375.6 % |
| MIS | 42.00 | 73.09 | 74.0 % |
| SACO | (9.40) | (4.55) | 51.6 % |
| RIYADH CEMENT | 58.00 | 70.10 | 20.9 % |
| TCC | 13.60 | 16.11 | 18.5 % |
| DAR ALARKAN | 131.20 | 153.59 | 17.1 % |
| ALARABIA | 89.43 | 100.82 | 12.7 % |
| Company | Estimated | Actual | Change |
|---|---|---|---|
| ALAMAR | 9.00 | (16.62) | (284.7 %) |
| CENOMI RETAIL | (76.19) | (151.82) | (99.3 %) |
| CHEMANOL | (18.00) | (24.48) | (36.0 %) |
| ALHAMMADI | 81.97 | 64.04 | (21.9 %) |
| NAJRAN CEMENT | 27.55 | 21.55 | (21.8 %) |
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