Wednesday, 15th February 2017

Saudi Cement Company announces the annual financial results for the year ending on 31-12-2016.

1438/05/18 15/02/2017 08:57:26

Element Current year Previous year % Change
Net profit (loss) 902 940 -4.04
Earning or loss per share, Riyals 5.89 6.15
Gross profit (loss) 1,029 1,136 -9.42
Operational profit (loss) 933 964 -3.22

All figures are in (Millions) Saudi Arabia, Riyals


Reasons of annual financial results : Decrease in sales, increase in Cost of sales due to increase in Power Prices, Decrease in other Income and increase in Islamic Financing Charges.
Reclassifications in annual financial results : Certain of the last year amounts have been reclassified to conform with the presentation in the current year.
Other notes : Total sales for the current year was SR 1,778 Million compared with SR 1,932 Million for last year, a decrease of 8%. Total Shareholder Equity (no Minority Interest) for current year was SR 3,275 Million compared with SR 3,256 Million for last year, increase of 0.6%.