1439/02/03 Mon Oct. 23, 2017 08:27:40
| ELEMENT | CURRENT QUARTER | SIMILAR QUARTER FOR PREVIOUS YEAR | % CHANGE CURRENT | PREVIOUS QUARTER | % CHANGE PREVIOUS |
| Net profit (loss) : | 87 | 202 | -56.93 | 94 | -7.45 |
| Gross profit (loss) : | 116 | 232 | -50 | 121 | -4.13 |
| Operational profit (loss) : | 94 | 209 | -55.02 | 99 | -5.05 |
All figures are in (Millions) Saudi Arabia, Riyals
| ELEMENT | CURRENT PERIOD | SIMILAR PERIOD FOR PREVIOUS YEAR | % CHANGE |
| Net profit (loss): | 346 | 714 | -51.54 |
| Gross profit (loss): | 428 | 810 | -47.16 |
| Operational profit (loss): | 361 | 737 | -51.02 |
| Earning or loss per share, Riyals: | 2.26 | 4.67 | — |
All figures are in (Millions) Saudi Arabia, Riyals
| ELEMENT | EXPLAINATION |
| Reasons of increase (decrease) for quarter compared with same quarter last year: | The reason of decrease in net profit is due to the 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 and decrease in other income. |
| Reasons of increase (decrease) for period compared with same period last year: | The reason of decrease in net profit is due to the 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 and decrease in other income. |
| Reasons of increase (decrease) for quarter compared with previous quarter: | The reason of decrease in net profit is due to the decrease in sales, increase in Islamic Financial charges, and decrease in share in net results of associates. |
| Reclassifications in quarterly 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 : | – The sales for current quarter was SR 250.2 Million compared with SR 375.1 Million for the same quarter of last year, a decrease of 33.3%. The sales for current period was SR 866 Million compared with SR 1,380.8 Million for the same period of last year, a decrease of 37.3% .
– Total Comprehensive Income for the current quarter was 87 Million compared with 202 Million for the same quarter of last year, decrease of 56.93% and compared with last quarter comprehensive income of SR 94 Million, decrease of 7.45%. Total Comprehensive Income for the current period was 346 Million compared with 714 Million for the same period of last year, decrease of 51.54%. – Total Shareholder Equity (No Minority Interest) for current period is SR 2,771 Million compared with SR 2,994 Million for the same period of last year, decrease of 7.4%. |
Click here to review the announcement in Tadawul’s Website.