Eastern Province Cement Reports SAR 72M Net Profit in Three Months 2026
EPCCO 3080.SA | 0.00 |
On 2026-05-03 15:31:00 (Saudi Time), Eastern Province Cement Co. announced its Interim financial results for the three months ended on March 31, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 354 | 299 | 18.394 | 354 | - |
| Gross Profit (Loss) | 100 | 97 | 3.092 | 91 | 9.89 |
| Operational Profit (Loss) | 81 | 77 | 5.194 | 70 | 15.714 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 72 | 62 | 16.129 | 41 | 75.609 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 81 | 59 | 37.288 | 56 | 44.642 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 2,370 | 2,267 | 4.543 |
| Profit (Loss) per Share | 0.84 | 0.72 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales increased 18.394% YoY to SAR 354 million, driven by higher sales volumes of cement and precast concrete along with increased sales value of precast concrete. Net profit rose 16.129% YoY to SAR 72 million, primarily due to increased revenue, reduced general and administrative expenses, lower selling and marketing expenses, improved associate performance, decreased other expenses, and gains from investment revaluations at fair value.
Quarter-on-Quarter Performance Drivers
QoQ revenue remained stable at 354 million SAR with no change from the previous quarter. Net profit surged 75.609% QoQ from 41 million to 72 million SAR, driven by increased gross profit due to lower cost of sales, reduced general and administrative expenses, higher income from dividend and murabaha deposits, decreased impairment provision of an associate, and increased gains from fair value revaluation of investments.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. Total shareholders equity increased 4.543% to SAR 2,370 million compared to the same period last year. Earnings per share improved from SAR 0.72 to SAR 0.84. No accumulated losses or material uncertainties regarding going concern were reported.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94895&anCat=1&cs=3080&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.