Riyadh Cement H1 2023 profit up 53% to SAR 126.7 mln

24/08/2023 Argaam Exclusive

Riyadh Cement Co. (RCC) posted a 53% rise in H1 2023 net profit to SAR 126.7 million from SAR 82.7 million in H1 2022. 



Financials (M)

Item 6m 2022 6m 2023 Change‬
Revenues 258.61 344.75 33.3 %
Gross Income 103.31 151.92 47.1 %
Operating Income 88.09 133.55 51.6 %
Net Income 82.68 126.65 53.2 %
Average Shares 120.00 120.00 -
EPS (Riyals) 0.69 1.06 53.2 %

The profit growth was driven by higher sales, despite the increase in general and administrative expenses.



Current Half Annual Comparison (M)

Compared With The
Item H1 2022 H1 2023 Change‬

Total shareholders’ equity, no minority interest, reached SAR 1.71 billion as of June 30, 2023, up from SAR 1.65 billion a year earlier. 

 

                                                              Historical Data

Period

Revenue

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR)

H1 2019

266.90

72.13

0.60

H2 2019

327.10

117.92

0.98

H1 2020

298.88

121.33

1.01

H2 2020

291.41

98.62

0.82

H1 2021

401.44

160.39

1.34

H2 2021

269.63

53.34

0.44

H1 2022

258.61

82.68

0.69

H2 2022

339.40

104.77

0.87

H1 2023

344.75

126.65

1.06

 

View more financial results

 

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Financial Ratios
Current
Market Cap (M Riyal) 3,936.00
Enterprise Value (EV) (M) 3,834.07
Shares Outstanding ((M)) 120.00
Book Value (BV) ( Riyal) 14.00
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 20.85
Price/book 2.34
more


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 125.08 - 44.45 - 37.72 -
H2 2019 - - - - - -
H1 2020 101.97 (18.5 %) 42.58 (4.2 %) 37.32 (1.1 %)
H2 2020 - - - - - -
H1 2021 - - - - - -
H2 2021 - - - - - -
H1 2022 - - - - - -
H2 2022 - - - - - -
H1 2023 154.74 - 65.42 - 57.03 -


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 35.76 - 0.30 - 35.76 0.30
H2 2019 - - - - - -
H1 2020 35.16 (1.7 %) 0.29 - 35.16 0.29
H2 2020 - - - - - -
H1 2021 - - - - - -
H2 2021 - - - - - -
H1 2022 - - - - - -
H2 2022 - - - - - -
H1 2023 53.29 - 0.44 - 53.29 0.44

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 - - -
H1 2022 - - -
H2 2022 - - -
H1 2023 - - -


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
H1 2014 - - - -
H2 2014 - - - -
H1 2015 - - - -
H2 2015 - - - -
H1 2016 - - - -
H2 2016 - - - -
H1 2017 - - - -
H2 2017 - - - -
H1 2018 - - - -
H2 2018 - - - -
H1 2019 120.00 - - 14.02
H2 2019 - - - -
H1 2020 120.00 - - 14.26
H2 2020 - - - -
H1 2021 - - - -
H2 2021 - - - -
H1 2022 - - - -
H2 2022 - - - -
H1 2023 120.00 - - 14.27

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 - - -
H1 2022 - - -
H2 2022 - - -
H1 2023 - - 2.47

Business Segments (Million)

Compared With The
Period Grey Cement White Cement
Q2 2023 120.14 34.60

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