Yamama Cement turns to SAR 256 mln profit in FY19

11/02/2020 Argaam Exclusive

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Yamama Cement Co. reported a net profit after zakat and tax of SAR 256.3 million for the fiscal year 2019, compared to a net loss of SAR 51.84 million a year earlier, thanks to a rise in sales revenue and other income.

Financials (M)

Item	2018	2019	Change‬
Revenues	521.22	801.88	53.8 %
Gross Income	34.09	336.63	887.5 %
Operating Income	(28.19)	269.08	1054.6 %
Net Income	(51.84)	256.34	594.5 %
Average Shares	202.50	202.50	-
EPS (Riyals)	(0.26)	1.27	594.5 %

In Q4 2019, the cement producer’s net profit surged to SAR 77.80 million from SAR 6.95 million in year-earlier period.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2018	Q4 2019	Change‬
Revenues	160.36	236.16	47.3 %
Gross Income	33.32	104.31	213.1 %
Operating Income	15.74	83.64	431.4 %
Net Income	6.95	77.80	1019.4 %
Average Shares	202.50	202.50	-
EPS (Riyals)	0.03	0.38	1019.4 %

Item	Q3 2019	Q4 2019	Change‬
Revenues	186.50	236.16	26.6 %
Gross Income	76.13	104.31	37.0 %
Operating Income	60.77	83.64	37.6 %
Net Income	54.73	77.80	42.1 %
Average Shares	202.50	202.50	-
EPS (Riyals)	0.27	0.38	42.1 %

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