Qassim Cement's yearly net profit yearly net profit reached SAR 586M

07/01/2016 16:40 AST

Quarterly net profit of Qassim Cement Co. during the 4th Q 2015 amounted to SAR 140.5 million versus SAR 134.2 million for the same quarter of last year with an increase of 4.69%, compared to SAR 115 million for the previous quarter with an increase of 22.07%.

The main reasons of increase in net profit are higher sales volume and value, less general and administrative expenses, and higher other income, despite higher zakat expense. Gross profit during the 4th Q of 2015 added up to SAR 159 million versus SAR 157 million for the same quarter of last year, an increase of 0.83 percent.

Operating profit increased 7.96% to SAR 152.3 million during 4th Quarter of 2015 versus SAR 141 million for the same quarter of last year.

While, net profit during 2015 showed an increase of 4.05 percent with SAR 586 million versus SAR 563.6 million for the last year 2014.

EPS of Qassim Cement during 2015 recorded as SAR 6.52 per share versus SAR 6.26/Share for the same period last year 2014.

The total gross profit during 2015 is recorded as SAR 629 million versus SAR 615 million for the last year 2014, showing an increase of 2.33%.

The total operating profit of Qassim Cement during 2015 amounted to SAR 601.4 million versus SAR 575.5 million for the last year 2014, an increase of 4.49%.


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