Financial Results : Yamama Cement’s net profit surges 76% to SAR 124 mln in Q1 2020

Yamama Cement’s net profit surges 76% to SAR 124 mln in Q1 2020

22/04/2020 Argaam Exclusive

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Yamama Cement Co. (YCC) reported a net profit after Zakat and tax of SAR 124 million for the first quarter of 2020, a rise of 76% year-on-year (YoY).



Current Quarter Comparison (M)

Compared With The
Item Q1 2019 Q1 2020 Change‬
Revenues 213.88 290.02 35.6 %
Gross Income 90.75 145.97 60.9 %
Operating Income 73.89 131.29 77.7 %
Net Income 70.63 123.97 75.5 %
Average Shares 202.50 202.50 -
EPS (Riyals) 0.35 0.61 75.5 %

The strong performance was driven by higher sales volumes, along with lower general and administrative expenses.

 

The first quarter net profit after Zakat and tax also jumped 59.3% when compared to Q4 2019, thanks to a rise in sales volumes, as well as lower general and administrative expenses.

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