Najran Cement Company announces the annual financial results for the period ending on 2020-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 623,197 | 416,406 | 49.66 | ||
| Gross Profit (Loss) | 249,918 | 119,214 | 109.638 | ||
| Operational Profit (Loss) | 208,635 | 85,318 | 144.538 | ||
| Net Profit (Loss) after Zakat and Tax | 204,300 | 53,515 | 281.762 | ||
| Total Comprehensive Income | 203,242 | 52,911 | 284.12 | ||
| Total Share Holders Equity (after Deducting Minority Equity) | 2,055,921 | 1,983,539 | 3.649 | ||
| Profit (Loss) per Share | 1.2 | 0.31 | |||
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The increase in net profit for current year compared to last year is attributable to the increase in sales volume, a decrease in cost of sales per ton, and a decrease in finance expenses, in addition to the positive impact of finalizing zakat assessments for the years 2014 to 2018 leading to a revision of zakat provisions for those years. |
| 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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