Financial Results : Al Jouf Cement profit surges to SAR 15.2 mln in Q1 2020

Al Jouf Cement profit surges to SAR 15.2 mln in Q1 2020

21/05/2020 Argaam Exclusive

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Al Jouf Cement Co. posted a net profit after Zakat and tax of SAR 15.2 million for Q1 2020, compared to a net profit of SAR 1.5 million in year earlier period.

 

The solid profit was driven by higher sales revenue, a decline in the cost of sales per ton, as well and higher production.



Current Quarter Comparison (M)

Compared With The
Item Q1 2019 Q1 2020 Change‬
Revenues 56.85 58.81 3.5 %
Gross Income 6.82 23.63 246.3 %
Operating Income 1.09 17.49 1509.3 %
Net Income 1.49 15.21 918.3 %
Average Shares 108.70 108.70 -
EPS (Riyals) 0.01 0.14 918.3 %

When compared to Q4 2019, net profit surged from SAR 2.5 million.

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