Southern Cement posts SAR 266 mln (+20%) net profit in Q1-2015

15/04/2015 Argaam Exclusive

View other reports

 

Southern Province Cement Company, Saudi's largest cement company, reported a net profit of SAR 266 million for first quarter, 20.4 %  higher compared to the same period in 2014.

 

Compared to the same period last year and the previous quarter, first quarter's increase was mainly attributed to better sales revenue, driven by higher sales volume. 



Current Quarter Comparison (M)

Compared With The
Item Q1 2014 Q1 2015 Change‬
Revenues 495.41 558.97 12.8 %
Gross Income 239.68 290.50 21.2 %
Operating Income 225.44 271.23 20.3 %
Net Income 221.01 266.00 20.4 %
Average Shares 140.00 140.00 -
EPS (Riyals) 1.58 1.90 20.4 %


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2006 253.78 (2.1 %) 155.37 (2.9 %) 147.93 (2.5 %)
Q2 2006 266.66 0.3 % 165.49 (4.6 %) 159.83 (4.7 %)
Q3 2006 267.42 0.2 % 165.86 (3.2 %) 161.00 (2.3 %)
Q4 2006 238.41 2.8 % 146.03 5.5 % 140.58 6.2 %
Q1 2007 272.27 7.3 % 164.43 5.8 % 155.58 5.2 %
Q2 2007 303.43 13.8 % 190.90 15.4 % 183.99 15.1 %
Q3 2007 310.90 16.3 % 205.97 24.2 % 200.78 24.7 %
Q4 2007 268.32 12.5 % 160.25 9.7 % 150.83 7.3 %
Q1 2008 376.54 38.3 % 242.78 47.6 % 236.11 51.8 %
Q2 2008 376.55 24.1 % 227.67 19.3 % 219.21 19.1 %
Q3 2008 288.56 (7.2 %) 163.16 (20.8 %) 154.45 (23.1 %)
Q4 2008 256.26 (4.5 %) 123.10 (23.2 %) 111.16 (26.3 %)
Q1 2009 362.12 (3.8 %) 213.85 (11.9 %) 204.33 (13.5 %)
Q2 2009 361.61 (4.0 %) 215.32 (5.4 %) 207.45 (5.4 %)
Q3 2009 289.73 0.4 % 155.02 (5.0 %) 146.33 (5.3 %)
Q4 2009 304.92 19.0 % 182.92 48.6 % 174.67 57.1 %
Q1 2010 353.22 (2.5 %) 205.63 (3.8 %) 193.97 (5.1 %)
Q2 2010 358.99 (0.7 %) 191.61 (11.0 %) 183.06 (11.8 %)
Q3 2010 276.99 (4.4 %) 132.67 (14.4 %) 123.74 (15.4 %)
Q4 2010 319.92 4.9 % 179.63 (1.8 %) 170.60 (2.3 %)
Q1 2011 436.85 23.7 % 241.21 17.3 % 229.72 18.4 %
Q2 2011 444.37 23.8 % 251.72 31.4 % 239.32 30.7 %
Q3 2011 355.11 28.2 % 197.22 48.6 % 184.88 49.4 %
Q4 2011 454.74 42.1 % 266.85 48.6 % 254.38 49.1 %
Q1 2012 497.81 14.0 % 300.74 24.7 % 288.08 25.4 %
Q2 2012 474.15 6.7 % 269.36 7.0 % 261.23 9.2 %
Q3 2012 354.18 (0.3 %) 205.74 4.3 % 197.32 6.7 %
Q4 2012 479.13 5.4 % 275.07 3.1 % 261.33 2.7 %
Q1 2013 486.72 (2.2 %) 283.22 (5.8 %) 272.86 (5.3 %)
Q2 2013 508.93 7.3 % 308.04 14.4 % 295.22 13.0 %
Q3 2013 368.15 3.9 % 200.86 (2.4 %) 188.27 (4.6 %)
Q4 2013 411.34 (14.1 %) 220.73 (19.8 %) 216.98 (17.0 %)
Q1 2014 495.41 1.8 % 239.68 (15.4 %) 225.44 (17.4 %)
Q2 2014 516.76 1.5 % 304.39 (1.2 %) 296.01 0.3 %
Q3 2014 377.67 2.6 % 186.58 (7.1 %) 175.11 (7.0 %)
Q4 2014 488.51 18.8 % 264.49 19.8 % 251.88 16.1 %
Q1 2015 558.97 12.8 % 290.50 21.2 % 271.23 20.3 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
Q1 2006 155.49 1.3 % 1.11 - 155.49 1.11
Q2 2006 167.69 (1.1 %) 1.20 - 167.69 1.20
Q3 2006 164.97 (1.3 %) 1.18 - 164.97 1.18
Q4 2006 136.08 9.0 % 0.97 - 136.08 0.97
Q1 2007 158.91 2.2 % 1.14 - 158.91 1.14
Q2 2007 192.53 14.8 % 1.38 - 192.53 1.38
Q3 2007 197.61 19.8 % 1.41 - 197.61 1.41
Q4 2007 154.84 13.8 % 1.11 - 154.84 1.11
Q1 2008 234.64 47.7 % 1.68 - 234.64 1.68
Q2 2008 230.49 19.7 % 1.65 - 230.49 1.65
Q3 2008 149.40 (24.4 %) 1.07 - 149.40 1.07
Q4 2008 176.54 14.0 % 1.26 - 176.54 1.26
Q1 2009 200.17 (14.7 %) 1.43 - 200.17 1.43
Q2 2009 212.15 (8.0 %) 1.52 - 212.15 1.52
Q3 2009 140.56 (5.9 %) 1.00 - 140.56 1.00
Q4 2009 180.71 2.4 % 1.29 - 180.71 1.29
Q1 2010 189.63 (5.3 %) 1.35 - 189.63 1.35
Q2 2010 185.18 (12.7 %) 1.32 - 185.18 1.32
Q3 2010 118.90 (15.4 %) 0.85 - 118.90 0.85
Q4 2010 164.80 (8.8 %) 1.18 - 164.80 1.18
Q1 2011 225.88 19.1 % 1.61 - 225.88 1.61
Q2 2011 239.08 29.1 % 1.71 - 239.08 1.71
Q3 2011 179.78 51.2 % 1.28 - 179.78 1.28
Q4 2011 251.00 52.3 % 1.79 - 251.00 1.79
Q1 2012 284.33 25.9 % 2.03 - 284.33 2.03
Q2 2012 261.73 9.5 % 1.87 - 261.73 1.87
Q3 2012 200.39 11.5 % 1.43 - 200.39 1.43
Q4 2012 253.76 1.1 % 1.81 - 253.76 1.81
Q1 2013 268.75 (5.5 %) 1.92 - 268.75 1.92
Q2 2013 297.21 13.6 % 2.12 - 297.21 2.12
Q3 2013 186.61 (6.9 %) 1.33 - 186.61 1.33
Q4 2013 253.52 (0.1 %) 1.81 40.70 212.82 1.52
Q1 2014 221.01 (17.8 %) 1.58 - 221.01 1.58
Q2 2014 294.20 (1.0 %) 2.10 - 294.20 2.10
Q3 2014 284.92 52.7 % 2.04 112.50 172.42 1.23
Q4 2014 245.30 (3.2 %) 1.75 - 245.30 1.75
Q1 2015 266.00 20.4 % 1.90 - 266.00 1.90

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2006 62.70 % 67.41 % 60.59 %
Q2 2006 61.88 % 66.56 % 60.35 %
Q3 2006 61.30 % 66.13 % 60.10 %
Q4 2006 61.65 % 67.01 % 60.82 %
Q1 2007 61.43 % 66.45 % 60.08 %
Q2 2007 61.69 % 66.32 % 60.33 %
Q3 2007 62.87 % 67.18 % 60.90 %
Q4 2007 62.48 % 66.39 % 60.95 %
Q1 2008 63.52 % 69.96 % 61.91 %
Q2 2008 62.80 % 69.76 % 61.36 %
Q3 2008 60.60 % 68.19 % 58.73 %
Q4 2008 58.30 % 66.56 % 60.95 %
Q1 2009 56.70 % 63.26 % 58.95 %
Q2 2009 56.40 % 63.11 % 58.20 %
Q3 2009 55.71 % 62.71 % 57.45 %
Q4 2009 58.19 % 65.18 % 55.64 %
Q1 2010 57.95 % 64.98 % 55.22 %
Q2 2010 56.26 % 63.50 % 53.26 %
Q3 2010 55.08 % 62.54 % 52.11 %
Q4 2010 54.20 % 61.48 % 50.30 %
Q1 2011 53.50 % 60.47 % 49.88 %
Q2 2011 54.48 % 60.78 % 50.65 %
Q3 2011 55.89 % 61.76 % 52.02 %
Q4 2011 56.59 % 61.87 % 52.97 %
Q1 2012 58.02 % 63.18 % 54.46 %
Q2 2012 58.04 % 63.75 % 54.82 %
Q3 2012 58.55 % 64.52 % 56.01 %
Q4 2012 58.21 % 63.56 % 55.40 %
Q1 2013 57.60 % 63.07 % 54.88 %
Q2 2013 58.62 % 63.43 % 55.78 %
Q3 2013 57.91 % 63.39 % 54.60 %
Q4 2013 57.06 % 62.96 % 54.38 %
Q1 2014 54.34 % 60.22 % 51.44 %
Q2 2014 53.90 % 60.32 % 51.05 %
Q3 2014 52.82 % 58.65 % 49.99 %
Q4 2014 52.98 % 59.17 % 49.67 %
Q1 2015 53.86 % 59.73 % 50.36 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2006 140.00 4.41 4.41 14.45
Q2 2006 140.00 4.39 4.39 13.65
Q3 2006 140.00 4.38 4.38 14.83
Q4 2006 140.00 4.46 4.46 15.72
Q1 2007 140.00 4.48 4.48 14.85
Q2 2007 140.00 4.66 4.66 16.23
Q3 2007 140.00 4.89 4.89 15.64
Q4 2007 140.00 5.03 5.03 16.75
Q1 2008 140.00 5.57 5.57 15.92
Q2 2008 140.00 5.84 5.84 17.57
Q3 2008 140.00 5.50 5.50 15.64
Q4 2008 140.00 5.65 5.65 16.85
Q1 2009 140.00 5.40 5.40 16.28
Q2 2009 140.00 5.27 5.27 17.80
Q3 2009 140.00 5.21 5.21 16.30
Q4 2009 140.00 5.24 5.24 17.58
Q1 2010 140.00 5.16 5.16 16.44
Q2 2010 140.00 4.97 4.97 17.76
Q3 2010 140.00 4.82 4.82 16.61
Q4 2010 140.00 4.70 4.70 17.77
Q1 2011 140.00 4.96 4.96 16.88
Q2 2011 140.00 5.35 5.35 18.59
Q3 2011 140.00 5.78 5.78 17.13
Q4 2011 140.00 6.40 6.40 18.91
Q1 2012 140.00 6.82 6.82 17.44
Q2 2012 140.00 6.98 6.98 19.31
Q3 2012 140.00 7.12 7.12 17.74
Q4 2012 140.00 7.14 7.14 19.55
Q1 2013 140.00 7.03 7.03 17.47
Q2 2013 140.00 7.29 7.29 19.60
Q3 2013 140.00 7.19 7.19 17.93
Q4 2013 140.00 7.19 6.90 19.73
Q1 2014 140.00 6.85 6.55 17.31
Q2 2014 140.00 6.82 6.53 19.41
Q3 2014 140.00 7.53 6.43 19.45
Q4 2014 140.00 7.47 6.66 21.15
Q1 2015 140.00 7.79 6.99 20.05

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2006 28.39 28.39 8.66
Q2 2006 24.64 24.64 7.93
Q3 2006 20.56 20.56 6.07
Q4 2006 16.43 16.43 4.66
Q1 2007 14.55 14.55 4.39
Q2 2007 14.70 14.70 4.22
Q3 2007 15.43 15.43 4.83
Q4 2007 17.35 17.35 5.21
Q1 2008 13.11 13.11 4.58
Q2 2008 13.01 13.01 4.33
Q3 2008 12.10 12.10 4.25
Q4 2008 8.25 8.25 2.76
Q1 2009 10.69 10.69 3.55
Q2 2009 11.66 11.66 3.46
Q3 2009 12.38 12.38 3.96
Q4 2009 12.79 12.79 3.81
Q1 2010 13.65 13.65 4.29
Q2 2010 13.68 13.68 3.83
Q3 2010 13.91 13.91 4.03
Q4 2010 13.02 13.02 3.45
Q1 2011 12.24 12.24 3.60
Q2 2011 14.31 14.31 4.11
Q3 2011 12.67 12.67 4.28
Q4 2011 13.44 13.44 4.55
Q1 2012 13.50 13.50 5.27
Q2 2012 14.26 14.26 5.15
Q3 2012 13.86 13.86 5.57
Q4 2012 14.00 14.00 5.12
Q1 2013 14.29 14.29 5.75
Q2 2013 14.27 14.27 5.31
Q3 2013 14.85 14.85 5.95
Q4 2013 15.34 15.99 5.59
Q1 2014 16.32 17.05 6.46
Q2 2014 17.00 17.76 5.98
Q3 2014 15.11 17.68 5.85
Q4 2014 14.65 16.41 5.17
Q1 2015 12.21 13.62 4.74

Analysts Estimates (Million)

Item Q1 2015 (e) Q1 2015 (a) Change‬
Average 280.93 266.00 (5.3 %)

Estimates vs Actual (Million)

Item Q1 2015 (e) Q1 2015 (a) Change
SFC 266.00 266.00 0.0 %
Riyad Capital 255.00 266.00 4.3 %
Al Rajhi Capital 279.00 266.00 (4.7) %
SNB Capital 279.00 266.00 (4.7) %
AlJazira Capital 282.20 266.00 (5.7) %
Alistithmar Capital 289.10 266.00 (8.0) %
OSOOL AND BAKHEET 294.30 266.00 (9.6) %
Value Capital 302.80 266.00 (12.2) %


Financial Ratios
Current
Market Cap (M Riyal) 5,082.00
Enterprise Value (EV) (M) 5,291.68
Shares Outstanding ((M)) 140.00
EPS ( Riyal) (TTM) 1.57
Book Value (BV) ( Riyal) 23.48
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 25.07
P/E (TTM) 23.14
Price/book 1.55
Return on Average Assets (%) (TTM) 5.4
Return on Average Equity (%) (TTM) 6.8
more

Share Price

Southern Province Cement Co.
36.30
0.70 1.97 %

Southern Province Cement Co. (SPCC)

More

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.