Financial Results : Tabuk Cement's profit up more than seven-fold to SAR 28.9 mln in Q1 2020

Tabuk Cement's profit up more than seven-fold to SAR 28.9 mln in Q1 2020

17/05/2020 Argaam Exclusive

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Tabuk Cement Co. reported net profit after Zakat and tax of SAR 28.9 million, increasing more than seven-fold year-on-year (YoY) for Q1 2020, driven by profit from adjusting cash flows, higher revenue, lower cost of finance, and lower selling and marketing expenses.



Current Quarter Comparison (M)

Compared With The
Item Q1 2019 Q1 2020 Change‬
Revenues 52.77 75.42 42.9 %
Gross Income 12.83 17.53 36.6 %
Operating Income 8.00 11.55 44.5 %
Net Income 3.63 28.91 696.5 %
Average Shares 90.00 90.00 -
EPS (Riyals) 0.04 0.32 696.5 %

When compared to Q4 2019, net profit jumped by more than four times.

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