Yamama Cement net profit rises 42% to SAR 363.3 mln in 2020

10/02/2021 Argaam Exclusive

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Yamama Cement Co. reported a net profit after Zakat and tax of SAR 363.3 million in 2020, an increase of 42%, compared to SAR 256.3 million in the year-earlier period, driven by higher sales and other income.

Financials (M)

Item	2019	2020	Change‬
Revenues	801.88	956.00	19.2 %
Gross Income	336.63	440.05	30.7 %
Operating Income	269.08	371.13	37.9 %
Net Income	256.34	405.55	58.2 %
Average Shares	202.50	202.50	-
EPS (Riyals)	1.27	2.00	58.2 %

In Q4 2020, the cement producer’s net profit after Zakat and tax rose 46% year-on-year (YoY) to SAR 113.7 million.

Total shareholders’ equity, excluding minority interest, edged up by 6.7% YoY to SAR 3.88 billion during the year.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2019	Q4 2020	Change‬
Revenues	236.16	249.21	5.5 %
Gross Income	104.31	101.85	(2.4 %)
Operating Income	83.64	84.60	1.2 %
Net Income	77.80	135.43	74.1 %
Average Shares	202.50	202.50	-
EPS (Riyals)	0.38	0.67	74.1 %

Item	Q3 2020	Q4 2020	Change‬
Revenues	249.65	249.21	(0.2 %)
Gross Income	114.29	101.85	(10.9 %)
Operating Income	98.64	84.60	(14.2 %)
Net Income	95.32	135.43	42.1 %
Average Shares	202.50	202.50	-
EPS (Riyals)	0.47	0.67	42.1 %

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