Financial Results : Northern Cement net profit falls 26% to SAR 23.4 mln in Q1 2022

Northern Cement net profit falls 26% to SAR 23.4 mln in Q1 2022

27/04/2022 Argaam Exclusive

View other reports

Northern Region Cement Co. posted a net profit after Zakat and tax of SAR 23.4 million for Q1 2022, down 26% from SAR 31.7 million in year-earlier period.  



Current Quarter Comparison (M)

Compared With The
Item Q1 2021 Q1 2022 Change‬
Revenues 161.87 133.26 (17.7 %)
Gross Income 53.87 46.47 (13.7 %)
Operating Income 36.41 29.72 (18.4 %)
Net Income 31.66 23.24 (26.6 %)
Average Shares 180.00 180.00 -
EPS (Riyals) 0.18 0.13 (26.6 %)

The cement producer attributed the profit decline to lower volume and value of sales revenue. 

 

Meanwhile, Q1 2022 net profit declined 33.4% from SAR 35.13 million in the previous quarter.  

 

Total shareholders’ equity, excluding minority interest, reached SAR 2.233 billion in Q1 2022, compared to SAR 2.185 billion a year before. 

View More Financial Results

 

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.