Saudi Ceramic Co. reported a net profit after Zakat and tax of SAR 77.7 million in 2020, compared to a profit of SAR 7.2 million the previous year.
The improvement was attributed to higher revenue due to improved sales and profit margins as prices and quantity sold increased.
The company also noted a decline in selling and administrative expenses, along with low finance costs – due to the repayment of a large portion of loans – and interest rates.
The firm’s performance improved in 2020 despite the company making write-offs and additional provisions compared to the previous year.
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Revenues | 1,235.09 | 1,516.06 | 22.7 % |
| Gross Income | 326.57 | 391.93 | 20.0 % |
| Operating Income | 60.39 | 126.64 | 109.7 % |
| Net Income | 7.15 | 77.70 | 986.7 % |
| Average Shares | 100.00 | 100.00 | - |
| EPS (Riyals) | 0.07 | 0.78 | 986.7 % |
The company posted a net profit of SAR 28 million in Q4 2020, versus a profit of SAR 13.81 million in the same period the previous year.
| Item | Q4 2019 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 359.91 | 367.69 | 2.2 % |
| Gross Income | 104.68 | 96.57 | (7.7 %) |
| Operating Income | 33.71 | 35.19 | 4.4 % |
| Net Income | 13.81 | 28.04 | 103.0 % |
| Average Shares | 100.00 | 100.00 | - |
| EPS (Riyals) | 0.14 | 0.28 | 103.0 % |
| Item | Q3 2020 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 373.05 | 367.69 | (1.4 %) |
| Gross Income | 106.96 | 96.57 | (9.7 %) |
| Operating Income | 40.63 | 35.19 | (13.4 %) |
| Net Income | 32.46 | 28.04 | (13.6 %) |
| Average Shares | 100.00 | 100.00 | - |
| EPS (Riyals) | 0.32 | 0.28 | (13.6 %) |
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}