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 |