Hail Cement Co. posted a net profit after Zakat and tax of SAR 59.657 million for fiscal year 2019, compared to a net loss of SAR 25.029 million a year earlier.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 195.98 | 274.40 | 40.0 % |
| Gross Income | 11.13 | 91.43 | 721.4 % |
| Operating Income | (15.27) | 69.51 | 555.2 % |
| Net Income | (25.03) | 59.06 | 336.0 % |
| Average Shares | 97.90 | 97.90 | - |
| EPS (Riyals) | (0.26) | 0.60 | 336.0 % |
The rise in net profit is attributed to higher revenue and lower expenses, the company said in a statement to Tadawul.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 64.98 | 90.19 | 38.8 % |
| Gross Income | 21.96 | 41.79 | 90.3 % |
| Operating Income | 12.51 | 36.64 | 192.9 % |
| Net Income | 7.05 | 30.84 | 337.2 % |
| Average Shares | 97.90 | 97.90 | - |
| EPS (Riyals) | 0.07 | 0.32 | 337.2 % |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 62.21 | 90.19 | 45.0 % |
| Gross Income | 16.30 | 41.79 | 156.4 % |
| Operating Income | 11.02 | 36.64 | 232.4 % |
| Net Income | 7.59 | 30.84 | 306.1 % |
| Average Shares | 97.90 | 97.90 | - |
| EPS (Riyals) | 0.08 | 0.32 | 306.1 % |
Total revenue for FY2019 stood at SAR 274 million, compared to SAR 196 million in the year-earlier period, an increase of 40.02%.
Earnings per share during FY 2019 amounted to SAR 0.60, compared to loss of SAR 0.24 a year earlier, the statement also said.
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}}