Yamama Cement Co. reported a net profit after Zakat and tax of SAR 160.6 million for 2021, a drop of 60% from SAR 405.5 million a year earlier.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 956.00 | 735.84 | (23.0 %) |
| Gross Income | 440.05 | 220.41 | (49.9 %) |
| Operating Income | 371.13 | 156.85 | (57.7 %) |
| Net Income | 405.55 | 153.67 | (62.1 %) |
| Average Shares | 202.50 | 202.50 | - |
| EPS (Riyals) | 2.00 | 0.76 | (62.1 %) |
The company attributed the drop in net profit to lower sales value and other income.
In Q4 2021, the cement producer turned to a net loss after Zakat and tax of SAR 11.9 million from a net profit of SAR 135.4 million in the same period a year ago.
| Item | Q4 2020 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 249.21 | 182.34 | (26.8 %) |
| Gross Income | 101.85 | (1.75) | (101.7 %) |
| Operating Income | 84.60 | (21.17) | (125.0 %) |
| Net Income | 135.43 | (18.86) | (113.9 %) |
| Average Shares | 202.50 | 202.50 | - |
| EPS (Riyals) | 0.67 | (0.09) | (113.9 %) |
| Item | Q3 2021 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 170.67 | 182.34 | 6.8 % |
| Gross Income | 54.39 | (1.75) | (103.2 %) |
| Operating Income | 40.17 | (21.17) | (152.7 %) |
| Net Income | 39.97 | (18.86) | (147.2 %) |
| Average Shares | 202.50 | 202.50 | - |
| EPS (Riyals) | 0.20 | (0.09) | (147.2 %) |
Shareholders’ equity, after minority interest, increased to SAR 4.287 billion as of Dec. 31, 2021, from SAR 3.927 billion a year earlier.
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