Wednesday, 08th November 2023

Saudi Cement Company announces the interim financial results for the period ending on 31-03-2023 (Three Months).

Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 409.6 315.1 29.99 427.7 -4.23
Gross Profit (Loss) 175.8 100.7 74.58 197.8 -11.12
Operational Profit (Loss) 123.7 60.1 105.82 155.1 -20.25
Net Profit (Loss) after Zakat and Tax 123.8 61.1 102.62 154.5 -19.87
Total Comprehensive Income 123.7 61.1 102.45 151.1 -18.13
All figures are in (Millions) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Total Share Holders Equity (after Deducting Minority Equity) 2,416.7 2,494.4 -3.11
Profit (Loss) per Share 0.81 0.4
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 increase of current quarter net profit compared with the same quarter of last year is attributed to the increase in sales revenue due to increase in average selling prices and increase in total quantities sold in spite of the decrease in local quantities sold, in addition to the 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 finance charges, decrease in share of profit in an associate and decrease 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 decrease of current quarter net profit compared with previous quarter is attributed to the decrease in sales revenue due to decrease in average selling prices and decrease in local quantities sold in addition to the increase in selling and distribution expenses, decrease in share of profit in an associate, increase in zakat expense and decrease in other revenue , in spite of the decrease in general and administrative expenses decrease in finance charges and increase in gain on sale of investment related to the subsidiary.
Statement of the type of external auditor’s report Unmodified conclusion
Reclassification of Comparison Items N/A
Additional Information None
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