Wednesday, 07th August 2024

Saudi Cement Co. announces its Interim Financial results for the Period Ending on 2024-06-30 ( Six Months ).

Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 378.1 356.3 6.118 426.5 -11.348
Gross Profit (Loss) 144 145.1 -0.758 174.8 -17.62
Operational Profit (Loss) 84.1 93.7 -10.245 119.3 -29.505
Net profit (Loss) 87.3 85.2 2.464 113.8 -23.286
Total Comprehensive Income 87.3 85.2 2.464 113.8 -23.286
All figures are in (Millions) Saudi Arabia, Riyals

 

Element List Current Period Similar period for previous year %Change
Sales/Revenue 804.7 765.9 5.065
Gross Profit (Loss) 318.8 320.9 -0.654
Operational Profit (Loss) 203.4 217.5 -6.482
Net profit (Loss) 201.1 209 -3.779
Total Comprehensive Income 201.1 208.9 -3.733
Total Shareholders Equity (after Deducting Minority Equity) 2,016.2 2,004.6 0.578
Profit (Loss) per Share 1.31 1.37  
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

 

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 attributed 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 increase in net profit for current quarter compared to the same quarter of last year is attributed to the increase in sales revenue, increase in other revenues, increase in share of profit of investment in an associate and the decrease in finance charges, in spite of the increase in selling and distribution expenses.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The reason of the decrease in the sales revenue for current quarter compared to the previous quarter is attributed to the decrease in total value and quantities sold.
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 decrease in net profit for current quarter compared to the previous quarter is attributed to the decrease in sales revenue due to the decrease in total value and quantities sold, increase in selling and distribution expenses and the increase in finance charges, in spite of the decrease in general and administrative expenses, increase in share of profit of investment in an associate and the increase in other revenues.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is The reason of the increase in sales revenue during the current period compared to the same period of last year is attributed 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 period compared to the same period of the last year is The reason of decrease in the net profit during the current period compared to the same period of last year is attributed to the increase in cost of revenue, increase in selling and distribution expenses, decrease in gain on sale of investment related to the subsidiary, in spite of the increase in total value and quantities sold, increase in other revenues the increase in share of profit of investment in an associate.
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 None.

 

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