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Monday, 13th July 2015

Saudi Cement Company announces the interim financial results for the period ending on 30-06-2015 (six months).

2015-07-13 (1436-09-26 )      15:57:24

ELEMENT CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR % CHANGE CURRENT PREVIOUS QUARTER % CHANGE PREVIOUS
NET PROFIT (LOSS) 254 288 -11.81 303 -16.17
GROSS PROFIT (LOSS) 284 323 -12.07 339 -16.22
OPERATIONAL PROFIT (LOSS) 258 296 -12.84 310 -16.77

 

ELEMENT CURRENT PERIOD SIMILAR PERIOD FOR PREVIOUS YEAR % CHANGE
NET PROFIT (LOSS) 557 574 -2.96
GROSS PROFIT (LOSS) 623 649 -4.01
OPERATIONAL PROFIT (LOSS) 569 599 -5.01
EARNING OR LOSS PER SHARE, RIYALS 3.64 3.75
All figures are in (Millions) Saudi Arabia, Riyals

 

ELEMENT EXPLAINATION
REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH SAME QUARTER LAST YEAR Decrease of local sales
REASONS OF INCREASE (DECREASE) FOR PERIOD COMPARED WITH SAME PERIOD LAST YEAR Decrease of local sales besides increase in admin and general expenses due to disbursement of annual charitable donations on the occassion of holy month of Ramadan during first half of current year instead of second half of previuos year as well as disbursement of two months salary in response to the generous royal grant.
REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH PREVIOUS QUARTER Decrease of local sales
RECLASSIFICATIONS IN QUARTERLY FINANCIAL RESULTS some prior period and quarter comparatives have been reclassified to confirm with the presentation of current period and quarter.
OTHER NOTES Computation of earnings per share from main operations has been changed by excluding deduction of financial charges and zakat from income from main operations

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