21 - 05 - 2020
The profits of "Jouf Cement" company increased to 15.2 million riyals by the end of the first quarter of 2020, compared to the profits of 1.5 million riyals achieved during the same period in 2019.
Quarterly comparison (million)
Item First Quarter 2019 First Quarter 2020 Change
Revenue 56.85 58.81 3.5%
Total income 6.82 23.63 246.3%
Operating income 1.09 17.49 1509.3%
Net income 1.49 15.21 918.3%
Average number of shares
143.00 143.00 -
Earnings per share (SAR) 0.01 0.11 918.3%
The company said that the reason for the increase in profits during the current quarter compared with the same quarter of the previous year is:
High sales value.
Low cost of sales per ton due to higher production.
This came despite a drop in other revenues.
For the same reasons, the company attributed the increase in profits during the current quarter compared to the previous quarter.
- The company said that the total shareholders' equity (no minority rights) for the current period amounted to 1552.984 million riyals, compared with 1534.479 million riyals as in the same period of the previous year, an increase of 1.2%.