Thursday, 16th May 2024

Saudi Cement Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months ).

Element List Current Quarter Similar Quarter For Previous Year %Change Previous Quarter % Change
Sales/Revenue 426.5 409.6 4.125 380.9 11.971
Gross Profit (Loss) 174.8 175.8 -0.568 137.7 26.942
Operational Profit (Loss) 119.3 123.7 -3.556 84.2 41.686
Net profit (Loss) 113.8 123.8 -8.077 103.8 9.633
Total Comprehensive Income 113.8 123.7 -8.003 86.4 31.712
All figures are in (Millions) Saudi Arabia, Riyals

 

Element List Current Period Similar Period For Previous Year %Change
Total Share Holders Equity (After Deducting the Minority Equity) 2,273.1 2,416.7 -5.941
Profit (Loss) per Share 0.74 0.81  
All figures are in (Millions) Saudi Arabia, Riyals

 

Element List Percentage Of The Capital (%) Amount
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value
All figures are in (Millions) Saudi Arabia, Riyals

 

Element List Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is The reason of the increase in sales revenue for current quarter compared with the same quarter of last year is due to the increase in total quantities sold and the increase in average selling prices.
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 of the decrease in net profit for current quarter compared to the same quarter of the last year is due to the increase in cost of sales, increase in selling and distribution expenses, increase in general and administrative expenses, increase in finance charges and the decrease in gain on sale of investment related to the subsidiary, in spite of the increase in sales revenue , increase in other revenues and increase in share of profit of investment in an associate.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The reason of the increase in the sales revenue for current quarter compared to the previous quarter is due to the increase in total quantities sold and increase in average selling prices.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The reason of the increase in net profit for current quarter compared to the previous quarter is due to increase in sales revenue, increase in share of profit of investment in an associate, decrease in general and administrative expenses and decrease in finance charges, in spite of the increase in selling and distribution expenses and the decrease in other revenues.
Statement of the type of external auditor’s report Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) NA
Reclassification of Comparison Items None
Additional Information NA

 

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