Tuesday, 18th October 2016

Saudi Cement Company announces the interim financial results for the period ending on 30-09-2016 (Nine Months).


2016-10-18 (1438/01/17)      16:17:27

Element Current quarter Similar quarter for previous year % Change current Previous quarter % Change previous
Net profit (loss) 200 208 -3.85 249 -19.68
Gross profit (loss) 230 233 -1.29 282 -18.44
Operational profit (loss) 207 210 -1.43 257 -19.46

 

Element Current period Similar period for previous year % Change
Net profit (loss) 715 764 -6.41
Gross profit (loss) 808 856 -5.61
Operational profit (loss) 738 779 -5.26
Earning or loss per share, Riyals 4.82 5.09

All figures are in (Millions) Saudi Arabia, Riyals

 

ELEMENT EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year : Decrease in sales, increase in Selling and Distribution Expenses and Decrease in other Income.
Reasons of increase (decrease) for period compared with same period last year : Decrease in sales, increase in Cost of sales due to increase in Power Prices and Decrease in other Income.
Reasons of increase (decrease) for quarter compared with previous quarter : Decrease in sales and decrease of share in net results of associated companies.
Reclassifications in quarterly financial results : Certain comparatives figures of the first 9 months of last year 2015 have been reclassified to confirm with the presentation of current period 9 month of year 2016.
Other notes : Total sales for current quarter was SR 375 Million compared with SR 398 Million for the same last year quarter, a decrease of 5.8%.The Total sales for the current period was SR 1381 Million compared with SR 1449 Million for the same last year period, a decrease of 4.7%. Total Shareholder Equity ( there is no Minority Interest) for current period was SR 3089 Million compared with SR 3080 Million for the same last year period, increase of 0.30%
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