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Wednesday, 11th February 2015

Saudi Cement Company announces the annual financial results for the period ending on 31-12-2014.

2015-02-11 (1436-04-22 )      15:41:21

ELEMENT CURRENT YEAR PREVIOUS YEAR % CHANGE
NET PROFIT (LOSS) 1,074 1,124 -4.45
EARNING OR LOSS PER SHARE, RIYALS 7.02 7.35
GROSS PROFIT (LOSS) 1,229 1,284 -4.28
OPERATIONAL PROFIT (LOSS) 1,123 1,186 -5.31

 

All figures are in (Millions) Saudi Arabia, Riyals

 

ELEMENT EXPLAINATION
REASONS OF ANNUAL FINANCIAL RESULTS Decrease in cement sales due to decline in local demand in addition to increase in selling and distribution expenses

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