Yanbu Cement net profit rises 9% to SAR 281 mln in 2020

14/02/2021 Argaam Exclusive

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Yanbu Cement Co.’s net profit after Zakat and tax rose 9% to SAR 281 million in the fiscal year 2020, compared to a profit of SAR 257.8 million last year, driven by a decrease in general, administrative and finance expenses, along with a growth in other revenues.

Financials (M)

Item	2019	2020	Change‬
Revenues	975.74	939.99	(3.7 %)
Gross Income	334.80	341.78	2.1 %
Operating Income	281.09	300.64	7.0 %
Net Income	257.82	281.02	9.0 %
Average Shares	157.50	157.50	-
EPS (Riyals)	1.64	1.78	9.0 %

The net profit in Q4 2020 declined 15% year-on-year (YoY) to SAR 70.9 million.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2019	Q4 2020	Change‬
Revenues	278.39	265.30	(4.7 %)
Gross Income	103.49	84.95	(17.9 %)
Operating Income	93.76	76.04	(18.9 %)
Net Income	82.93	70.91	(14.5 %)
Average Shares	157.50	157.50	-
EPS (Riyals)	0.53	0.45	(14.5 %)

Item	Q3 2020	Q4 2020	Change‬
Revenues	240.36	265.30	10.4 %
Gross Income	89.65	84.95	(5.2 %)
Operating Income	83.22	76.04	(8.6 %)
Net Income	81.44	70.91	(12.9 %)
Average Shares	157.50	157.50	-
EPS (Riyals)	0.52	0.45	(12.9 %)

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