Financial Results : Arabian Cement net profit down 37% to SAR 41.9 mln in Q1 2022

Arabian Cement net profit down 37% to SAR 41.9 mln in Q1 2022

15/05/2022 Argaam Exclusive

View other reports

Arabian Cement Co. reported a net profit after Zakat and tax of SAR 41.9 million for Q1 2022, a decline of 37% from SAR 67 million in the year-earlier period.

 

This earnings fall was triggered by lower sales value and volume both locally and from Jordan’s operations, despite higher profit from associates.



Current Quarter Comparison (M)

Compared With The
Item Q1 2021 Q1 2022 Change‬
Revenues 321.50 259.26 (19.4 %)
Gross Income 104.13 69.12 (33.6 %)
Operating Income 78.34 44.41 (43.3 %)
Net Income 66.96 41.90 (37.4 %)
Average Shares 100.00 100.00 -
EPS (Riyals) 0.67 0.42 (37.4 %)

On a sequential basis, net profit surged by 79.7% from SAR 23.31 million in Q4 2021.

 

Total shareholders’ equity, excluding minority interest, retreated 6.5% year-on-year (YoY) to SAR 2.792 billion in Q1 2022 from SAR 2.986 billion in the prior-year period.

View More Financial Results

 

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.