Monday, 03rd May 2021

Saudi Cement Co. announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months ).

ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR %CHANGE PREVIOUS QUARTER % CHANGE
Sales/Revenue 429.1 450.4 -4.729 435 -1.356
Gross Profit (Loss) 173.6 202.8 -14.398 176.8 -1.809
Operational Profit (Loss) 124.7 157.8 -20.975 124.4 0.241
Net Profit (Loss) after Zakat and Tax 119.4 148.5 -19.595 124.1 -3.787
Total Comprehensive Income 119.4 148.5 -19.595 124.1 -3.787

All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT LIST CURRENT PERIOD SIMILAR PERIOD FOR PREVIOUS YEAR %CHANGE
Total Share Holders Equity (after Deducting Minority Equity) 2,771.5 2,878.2 -3.707
Profit (Loss) per Share 0.97 0.78

All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT EXPLAINATION
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The decrease of current quarter net profit compared with same quarter of last year is attributed to the decrease in sales, increase in selling and distribution expenses and decrease in other income, in spite of the decrease in financial charges and the increase in share in net results of associates.

The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is The decrease of current quarter net profit compared with previous quarter is attributed to the decrease in sales, decrease in other income and the decrease in share in net results of associates, in spite of the decrease in selling and distribution expenses, decrease in general and administrative expenses and the decrease in financial charges.

Statement of the type of external auditor’s report Unmodified conclusion

Reclassification of Comparison Items N/A

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