Financial Results : Arabian Cement posts 49% profit growth to SAR 67 mln in Q1 2021

Arabian Cement posts 49% profit growth to SAR 67 mln in Q1 2021

06/05/2021 Argaam Exclusive

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Arabian Cement Co. reported a rise of 49% in net profit after Zakat and tax to SAR 67 million for the first quarter of 2021, from SAR 45.1 million in the year-ago period.

 

The profit increase was driven by better sales volume and revenue in Arabian Cement and its Jordanian subsidiary, despite a decrease of average selling prices and higher marketing expenses, due to increased export volumes.



Current Quarter Comparison (M)

Compared With The
Item Q1 2020 Q1 2021 Change‬
Revenues 204.60 321.50 57.1 %
Gross Income 71.98 104.13 44.7 %
Operating Income 56.98 78.34 37.5 %
Net Income 45.11 66.96 48.4 %
Average Shares 100.00 100.00 -
EPS (Riyals) 0.45 0.67 48.4 %

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