Financial Results : Yamama Cement’s profit rises to SAR 112.4 mln in Q1 2023

Yamama Cement’s profit rises to SAR 112.4 mln in Q1 2023

02/05/2023 Argaam Exclusive

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Yamama Cement Co. reported a net profit of SAR 112.4 million in Q1 2023, a more than three-fold increase, compared to SAR 29.6 million a year earlier. 



Current Quarter Comparison (M)

Compared With The
Item Q1 2022 Q1 2023 Change‬
Revenues 221.58 279.86 26.3 %
Gross Income 40.74 133.84 228.6 %
Operating Income 23.31 117.09 402.3 %
Net Income 29.62 112.40 279.5 %
Average Shares 202.50 202.50 -
EPS (Riyals) 0.15 0.56 279.5 %

The profit surge was spurred by higher sales value and lower Zakat for the current quarter compared to the same quarter of the previous year.

 

Compared to Q4 2022, net earnings dropped 16.2% from SAR 134.15 million on a decline in other revenues.   

 

Shareholders’ equity, no minority interest, stood at SAR 4.56 billion by March 31, 2023, compared to SAR 4.31 billion in a year-earlier period.

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