Yanbu Cement Co. reported a net profit after Zakat and tax of SAR 92 million for the first quarter of 2020, a 27% year-on-year (YoY) increase, compared to SAR 72.9 million in the same period last year.
The increase in profits was driven by higher sales volumes and lower Zakat.
| Item | Q1 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 259.81 | 277.40 | 6.8 % |
| Gross Income | 92.68 | 111.05 | 19.8 % |
| Operating Income | 81.20 | 97.80 | 20.4 % |
| Net Income | 72.52 | 92.02 | 26.9 % |
| Average Shares | 157.50 | 157.50 | - |
| EPS (Riyals) | 0.46 | 0.58 | 26.9 % |
| Item | Q4 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 278.39 | 277.40 | (0.4 %) |
| Gross Income | 103.49 | 111.05 | 7.3 % |
| Operating Income | 93.76 | 97.80 | 4.3 % |
| Net Income | 82.93 | 92.02 | 11.0 % |
| Average Shares | 157.50 | 157.50 | - |
| EPS (Riyals) | 0.53 | 0.58 | 11.0 % |
When compared to the previous quarter, Q1 net profit jumped 10.7% due to higher sales.
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