Al Jouf Cement turns to SAR 5.3 mln profit in FY19

22/03/2020 Argaam Exclusive

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Al Jouf Cement Co. swung to a net profit after Zakat and tax of SAR 5.3 million for the fiscal year 2019, against a net loss of SAR 39.5 million a year earlier.

The net profit was driven by higher sales revenue and other income, a decline in the cost of sales, as well as general and marketing expenses.

Financials (M)

Item	2018	2019	Change‬
Revenues	137.67	169.75	23.3 %
Gross Income	(7.54)	31.71	520.9 %
Operating Income	(35.23)	8.36	123.7 %
Net Income	(39.51)	5.26	113.3 %
Average Shares	108.70	108.70	-
EPS (Riyals)	(0.36)	0.05	113.3 %

In Q4 2019, the cement producer reported a net profit of SAR 2.5 million against a net loss of SAR 11 million in year-earlier period.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2018	Q4 2019	Change‬
Revenues	34.89	39.73	13.9 %
Gross Income	(4.40)	10.21	332.0 %
Operating Income	(11.77)	3.55	130.2 %
Net Income	(11.05)	2.54	123.0 %
Average Shares	108.70	108.70	-
EPS (Riyals)	(0.10)	0.02	123.0 %

Item	Q3 2019	Q4 2019	Change‬
Revenues	26.98	39.73	47.3 %
Gross Income	7.96	10.21	28.3 %
Operating Income	2.54	3.55	40.1 %
Net Income	1.11	2.54	129.8 %
Average Shares	108.70	108.70	-
EPS (Riyals)	0.01	0.02	129.8 %

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