Thursday, 18th February 2021

Saudi Cement Co. announces its Annual Financial Results for the Period Ending on 2020-12-31..

Sales/Revenue 1,569.6 1,441.6 8.879
Gross Profit (Loss) 666.4 649.8 2.554
Operational Profit (Loss) 479.1 491 -2.423
Net Profit (Loss) after Zakat and Tax 456 451.4 1.019
Total Comprehensive Income 457.9 441.1 3.808
Total Share Holders Equity (after Deducting Minority Equity) 2,652.1 2,729.7 -2.842
Profit (Loss) per Share 2.98 2.95

All figures are in (Millions) Saudi Arabia, Riyals

The reason of the increase (decrease) in the net profit during the current year compared to the last year is The reasons for the increase of current year net profit compared with last year is attributed to increase in sales, increase in other income, decrease in general and administrative expenses and decrease in financial charges, in spite of the increase in selling and distribution expenses and increase in Zakat provision.
Statement of the type of external auditor’s report Unmodified opinion
Reclassification of Comparison Items Certain comparative figures have been reclassified in order to conform with current year presentation.

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