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Wednesday, 14th January 2015

Saudi Cement Company announces the interim financial results for the period ending on 31-12-2014 (twelve months).

2015-01-14 (1436-03-23 )      16:26:57

ELEMENT CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR % CHANGE CURRENT PREVIOUS QUARTER % CHANGE PREVIOUS
NET PROFIT (LOSS) 269 247 8.91 232 15.95
GROSS PROFIT (LOSS) 316 310 1.94 264 19.7
OPERATIONAL PROFIT (LOSS) 287 282 1.77 237 21.1

 

ELEMENT CURRENT PERIOD SIMILAR PERIOD FOR PREVIOUS YEAR % CHANGE
NET PROFIT (LOSS) 1,075 1,124 -4.36
GROSS PROFIT (LOSS) 1,229 1,284 -4.28
OPERATIONAL PROFIT (LOSS) 1,123 1,186 -5.31
EARNING OR LOSS PER SHARE, RIYALS 7.03 7.35
All figures are in (Millions) Saudi Arabia, Riyals

 

ELEMENT EXPLAINATION
REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH SAME QUARTER LAST YEAR Increased cement sales due to improvement in local demand in addition to increase in share of associated companies’ profits and decline in Zakat expenses
REASONS OF INCREASE (DECREASE) FOR PERIOD COMPARED WITH SAME PERIOD LAST YEAR Decrease in cement sales due to decline in local demand in addition to increase in selling and distribution expenses
REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH PREVIOUS QUARTER Increased cement sales due to seasonal improvement in local demand
OTHER NOTES Comparative quarter and period figures of last year are re-calculated based on final audited figures of last year

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