Wednesday, 22nd March 2023

Saudi Cement Company announces its annual financial results for the year ended 31-12-2022.

Element List Current Year Previous Year     %Change
Sales/Revenue 1,419.8 1,409.6 0.72
Gross Profit (Loss) 568.9 530.4 7.26
Operational Profit (Loss) 403.9 344.3 17.31
Net Profit (Loss) after Zakat and Tax 398.8 331.9 20.16
Total Comprehensive Income 395.2 319.9 23.54
Total Share Holders Equity (after Deducting Minority Equity) 2,293 2,433.3 -5.76
Profit (Loss) per Share 2.61 2.17  


Element List       Explanation
The reason of the increase (decrease) in the net profit during the current year compared to the last year is The reason for the increase of current year net profit compared with last year is attributed to the increase in sales revenue due to the increase in average selling prices in spite of the decrease in quantity sold, in addition to the decrease in selling and distribution expenses, decrease in zakat expense and increase in share of profit of investment in an associate , in spite of the increase in financial charges and increase in general and administrative expenses.
Statement of the type of external auditor’s report Unmodified opinion
Reclassification of Comparison Items Certain comparative figures have been reclassified in order to conform current year presentation