Saudi Cement Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 (Nine Months) | Saudi Cement

Thursday, 04th November 2021

Saudi Cement Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 (Nine Months).

ELEMENT LIST	CURRENT QUARTER	SIMILAR QUARTER FOR PREVIOUS YEAR	%CHANGE	PREVIOUS QUARTER	% CHANGE
Sales/Revenue	304.9	386.8	-21.173	348.1	-12.41
Gross Profit (Loss)	109.1	163.2	-33.149	138.7	-21.341
Operational Profit (Loss)	62.8	114	-44.912	91.9	-31.664
Net Profit (Loss) after Zakat and Tax	58.7	107.6	-45.446	86.4	-32.06
Total Comprehensive Income	58.7	107.6	-45.446	86.9	-32.451
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT LIST	CURRENT PERIOD	SIMILAR PERIOD FOR PREVIOUS YEAR	%CHANGE
Sales/Revenue	1,082.1	1,134.6	-4.627
Gross Profit (Loss)	421.4	489.6	-13.929
Operational Profit (Loss)	279.4	354.7	-21.229
Net Profit (Loss) after Zakat and Tax	264.5	331.8	-20.283
Total Comprehensive Income	265.1	331.8	-20.102
Total Share Holders Equity (after Deducting Minority Equity)	2,377	2,526	-5.898
Profit (Loss) per Share	1.73	2.17
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 reason for the decrease of current quarter net profit compared with the same quarter of last year is attributed to the decrease in sales , in spite of the decrease in selling and distribution expenses, decrease in financial charges, the increase in share in net results of associate and the increase in other income.
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 reason for the decrease of current quarter net profit compared with previous quarter is attributed to the decrease in sales and increase in general and administrative expenses, in spite of the decrease in selling and distribution expenses, increase in share in net results of associate and the increase in other income.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The reason for the decrease of current period net profit compared with the same period of last year is attributed to the decrease in selling prices and the increase in selling and distribution expenses , in spite of the increase in the sold quantities, the increase in share in net results of associates, the increase in other income and the decrease in financial charges.
Statement of the type of external auditor’s report	Unmodified conclusion
Reclassification of Comparison Items	N/A
Additional Information	The company would like to clarify that the figures of net profit after zakat and tax and total comprehensive income for the same quarter of the previous year and the same period of the previous year have been adjusted to include net profit after zakat and tax and total comprehensive income attributable to the shareholders of the parent company, instead of the figures of net profit after zakat and tax and the total comprehensive income announced during the company’s announcement of the preliminary financial results for the period ending on 30-09-2020, which represents the net profit after zakat and tax and the total comprehensive income of the group (i.e. including the return to non-controlling interests)

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