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 |