Hail Cement net profit up 82% to SAR 107.5 mln in 2020

25/01/2021 Argaam Exclusive

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Hail Cement Co. reported an annual net profit after Zakat and tax of SAR 107.5 million, an 82% increase from SAR 59.1 million in 2019.

The increase in annual net profit was attributed to revenue growth and a decrease in some expenses.

Financials (M)

Item	2019	2020	Change‬
Revenues	274.40	336.28	22.6 %
Gross Income	91.43	147.66	61.5 %
Operating Income	69.51	126.03	81.3 %
Net Income	59.06	107.06	81.3 %
Average Shares	97.90	97.90	-
EPS (Riyals)	0.60	1.09	81.3 %

The company reported a net profit of SAR 22.68 million in Q4 2020, a 26.5% year-on-year (YoY) decline.

When compared to previous quarter, Q4 2020 net profit fell slightly by 0.7%.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2019	Q4 2020	Change‬
Revenues	90.19	78.90	(12.5 %)
Gross Income	41.79	33.93	(18.8 %)
Operating Income	36.64	29.77	(18.8 %)
Net Income	30.84	22.26	(27.8 %)
Average Shares	97.90	97.90	-
EPS (Riyals)	0.32	0.23	(27.8 %)

Item	Q3 2020	Q4 2020	Change‬
Revenues	71.68	78.90	10.1 %
Gross Income	30.24	33.93	12.2 %
Operating Income	24.19	29.77	23.1 %
Net Income	22.83	22.26	(2.5 %)
Average Shares	97.90	97.90	-
EPS (Riyals)	0.23	0.23	(2.5 %)

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