Yamama Cement Co. reported a net profit of SAR 199.7 million in the first half of 2024, compared to SAR 210.7 million in the year-earlier period.
| Item | 6m 2023 | 6m 2024 | Change |
|---|---|---|---|
| Revenues | 498.80 | 517.43 | 3.7 % |
| Gross Income | 217.39 | 247.27 | 13.7 % |
| Operating Income | 184.48 | 204.35 | 10.8 % |
| Net Income | 210.71 | 199.65 | (5.2 %) |
| Average Shares | 202.50 | 202.50 | - |
| EPS (Riyals) | 1.04 | 0.99 | (5.2 %) |
The cement producer reported lower other revenue for H1 2024 compared to the same period of the year before, in addition to higher general, administrative, and selling expenses.
| Item | Q2 2023 | Q2 2024 | Change |
|---|---|---|---|
| Revenues | 218.94 | 243.72 | 11.3 % |
| Gross Income | 83.56 | 110.37 | 32.1 % |
| Operating Income | 67.39 | 86.81 | 28.8 % |
| Net Income | 98.31 | 84.62 | (13.9 %) |
| Average Shares | 202.50 | 202.50 | - |
| EPS (Riyals) | 0.49 | 0.42 | (13.9 %) |
| Item | Q1 2024 | Q2 2024 | Change |
|---|---|---|---|
| Revenues | 273.71 | 243.72 | (11.0 %) |
| Gross Income | 136.91 | 110.37 | (19.4 %) |
| Operating Income | 117.54 | 86.81 | (26.1 %) |
| Net Income | 115.03 | 84.62 | (26.4 %) |
| Average Shares | 202.50 | 202.50 | - |
| EPS (Riyals) | 0.57 | 0.42 | (26.4 %) |
Q2 2024 net profit reached SAR 84.6 million, down 14% from SAR 98.3 million in a year earlier period, on lower other revenue and higher general, administrative and selling expenses. Operating profit grew by 29% though.
On a quarterly basis, Q2 2024 net earnings dropped 26.4% from SAR 115.03 million in Q1 2024.
Total shareholders’ equity, no minority equity, reached SAR 4.72 billion by June 30, 2024, compared to SAR 4.65 billion in the corresponding period of the year before.
| Company | Estimated | Actual | Change |
|---|---|---|---|
| SAUDI ARAMCO | 104,019.94 | 106,158.00 | 2.1 % |
| SAUDI CEMENT | 90.58 | 87.30 | (3.6 %) |
| DAR ALARKAN | 173.60 | 165.12 | (4.9 %) |
| LUMI | 54.61 | 46.01 | (15.8 %) |
| SPCC | 45.14 | 30.00 | (33.5 %) |
| SAVOLA GROUP | 258.90 | 135.39 | (47.7 %) |
| Company | Estimated | Actual | Change |
|---|---|---|---|
| ALAMAR | 11.00 | 13.05 | 18.6 % |
| SAUDI ARAMCO | 104,019.94 | 106,158.00 | 2.1 % |
| JAMJOOM PHARMA | 106.61 | 106.95 | 0.3 % |
| Company | Estimated | Actual | Change |
|---|---|---|---|
| SAVOLA GROUP | 258.90 | 135.39 | (47.7 %) |
| SPCC | 45.14 | 30.00 | (33.5 %) |
| A.OTHAIM MARKET | 58.76 | 43.28 | (26.3 %) |
| LUMI | 54.61 | 46.01 | (15.8 %) |
| YSCC | 98.89 | 84.62 | (14.4 %) |
| DAR ALARKAN | 173.60 | 165.12 | (4.9 %) |
| SAUDI CEMENT | 90.58 | 87.30 | (3.6 %) |
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