1439/06/11 Tue Feb 27, 2018 16:02:52
| ELEMENT | CURRENT YEAR | PREVIOUS YEAR | % CHANGE CURRENT |
| Net profit (loss) : | 453.4 | 901 | -49.68 |
| Earning or loss per share, Riyals : | 2.96 | 5.89 | — |
| Gross profit (loss) : | 568.8 | 1,030.6 | -44.81 |
| Operational profit (loss) : | 473.5 | 932.1 | -49.2 |
All figures are in (Millions) Saudi Arabia, Riyals
| ELEMENT | EXPLAINATION |
| Reasons of annual financial results: | The reasons for the decrease of current year net profit compared with last year are, decrease in sales, increase in cost of sales per ton of cement sold, as a result of reducing production due to high inventory levels, in addition to decrease in share in net results of associates companies and decrease in other income. |
| Reclassifications in annual financial results: | Comparative previous period figures were re-computed and reclassified to comply with current period presentation which was prepared based on IFRS. |
| Other notes : | – Total sales for current year was SR 1,184.5 Million compared with SR 1,778.1 Million for last year, a decrease of 33.38% .
– Total Comprehensive Income for the current year was 453.3 Million compared with 910 Million for last year, decrease of 50.19%. – Total Shareholder Equity (no Minority Interest) at end of the current year is SR 2,877.9 Million compared with SR 3,189.6 Million at end of last year, decrease of 9.77%. |
Click here to review the announcement in Tadawul’s Website.