Northern Region Cement Co. posted a 9% drop in H1 2022 net profit after Zakat and tax to SAR 48.1 million from SAR 52.9 million in the year-earlier period, hit by lower sales volume and value.
The cement producer’s Q2 2022 net profit after Zakat and tax jumped 18% to SAR 24.7 million, compared to SAR 21 million in the prior-year period, driven by higher income from foreign investment.
Current Quarter Comparison (M)
|Item||Q2 2021||Q2 2022||Change|
Compared to Q1 2022, net profit grew by 6% from SAR 23.35 million on better income from foreign investment.
Total shareholders’ equity, after minority interest, reached SAR 2.211 billion as of June 30, 2022, compared to SAR 2.208 billion a year before.
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Northern Region Cement Co. ( NORTHERN CEMENT)
|Market Cap (M Riyal)||2,131.20|
|Enterprise Value (EV) (M)||2,944.33|
|Book Value (BV) ( Riyal)||12.29|
|Adjusted P/E (Last12)||22.44|
|Return on Average Assets (%) (TTM)||3.1|
|Return on Average Equity (%) (TTM)||4.6|
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