Thursday, 29th October 2020

Saudi Cement Company announces the interim financial results for the period ending on 30-09-2020 (Nine Months).

ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR %CHANGE PREVIOUS QUARTER % CHANGE
Sales/Revenue //td>

386.8 310.1 24.733 297.5 30.016
Gross Profit (Loss) 163.2 131.8 23.823 123.7 31.932
Operational Profit (Loss) 114 92.8 22.844 82.9 37.515
Net Profit (Loss) after Zakat and Tax 106.4 83 28.192 74.5 42.818

Total Comprehensive Income 106.4 82.9 28.347 74.5 42.818

All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT LIST CURRENT PERIOD SIMILAR PERIOD FOR PREVIOUS YEAR %CHANGE
Sales/Revenue 1,134.6 1,039.1 9.19
Gross Profit (Loss) 489.6 453.2 8.031
Operational Profit (Loss) 354.7 333.5 6.356
Net Profit (Loss) after Zakat and Tax 328.5 307.8 6.725

Total Comprehensive Income 328.4 308.1 6.588
Total Share Holders Equity (after Deducting Minority Equity) 2,526 2,596.6 -2.718

Profit (Loss) per Share 2.17 2.01

All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT EXPLAINATION
Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to The reason for the increase of current quarter net income compared with the same quarter of last year is attributed to increase in sales, increase in share in net results of associates, increase in other income, decrease in financial charges and decrease in general and administrative expenses , in spite of the increase in selling and distribution expenses and increase in zakat provision.

Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to The reason for the increase of current quarter net income compared with previous quarter is attributed to increase in sales and increase in share in net results of associates , in spite of the increase in selling and distribution expenses, increase in general and administrative expenses and decrease in other income.

Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed to The reason for the increase of current period net income compared with the same period of last year is attributed to increase in sales, increase in other income, decrease in financial charges and decrease in general and administrative expenses , in spite of the increase in selling and distribution expenses and increase in zakat provision.

Basis of the External Auditor’s Opinion Unmodified opinion
Reclassification of Comparison Items N/A

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

GO BACK