Financial Results : Arabian Cement's profit rises 22% to SAR 45.1 mln in Q1 2020

Arabian Cement's profit rises 22% to SAR 45.1 mln in Q1 2020

10/05/2020 Argaam Exclusive

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Arabian Cement Co. reported a 22% profit jump year-on-year (YoY) to SAR 45.1 million in Q1 2020, driven by higher sales volumes as well as increased revenue.



Current Quarter Comparison (M)

Compared With The
Item Q1 2019 Q1 2020 Change‬
Revenues 189.13 204.60 8.2 %
Gross Income 61.70 71.98 16.7 %
Operating Income 48.70 56.98 17.0 %
Net Income 37.15 45.11 21.4 %
Average Shares 100.00 100.00 -
EPS (Riyals) 0.37 0.45 21.4 %

The company also cited lower general and administrative expenses (G&As) and lower losses from company's operations in Jordan.

 

When compared to the previous quarter, Q1 net profit decreased by 38.7%.

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