Wednesday, 08th November 2023

Saudi Cement Company announces the interim financial results for the period ending on 30-09-2023 (Nine Months).

Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 315 328.1 -3.99 356.3 -11.59
Gross Profit (Loss) 114.4 124.4 -8.04 145.1 -21.16
Operational Profit (Loss) 60.7 85.7 -29.17 93.7 -35.22
Net Profit (Loss) after Zakat and Tax 68.3 80.7 -15.37 85.2 -19.84
Total Comprehensive Income 68.3 80.7 -15.37 85.2 -19.84
All figures are in (Millions) Saudi Arabia, Riyals

 

Element List Current Period Similar period for previous year %Change
Sales/Revenue 1,080.9 992.1 8.95
Gross Profit (Loss) 435.3 371.1 17.3
Operational Profit (Loss) 278.2 248.8 11.82
Net Profit (Loss) after Zakat and Tax 277.2 244.3 13.47
Total Comprehensive Income 277.2 244 13.61
Total Share Holders Equity (after Deducting Minority Equity) 2,072.9 2,141.8 -3.22
Profit (Loss) per Share 1.81 1.6  
All figures are in (Millions) Saudi Arabia, Riyals

 

Element List Explanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The reason for the decrease of current quarter net profit compared with the same quarter of last year is attributed to the decrease in sales revenue due to the decrease in value and quantities of local sales in addition to the increase in selling and distribution expenses, increase in general and administrative expenses, increase in financial charges and decrease in share of profit in an associate, in spite of the increase in other revenues.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is The reason for the decrease of current quarter net profit compared with previous quarter is attributed to the decrease in sales revenue due to the decrease in total value and quantities sold in addition to the increase in selling and distribution expenses, increase in general and administrative expenses and increase in financial charges, in spite of the increase in other revenue and increase in share of profit in an associate.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The reason for the increase of current period net profit compared with the same period of last year is attributed to the increase in sales revenue due to the increase in total value and quantities sold in spite of the decrease in local quantities sold, in addition to the increase in other revenue, increase in gain on sale of investment related to the subsidiary and decrease in zakat expense inspite of the increase in selling and distribution expenses, increase in general and administrative expenses, increase in finance charges and decrease in share of profit in an associate.
Statement of the type of external auditor’s report Unmodified conclusion
Reclassification of Comparison Items N/A
Additional Information None

 

GO BACK