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Najran Cement Company announces the annual financial results for the period ending on 2020-12-31

Element ListCurrent YearPrevious Year%Change
Sales/Revenue 623,197416,40649.66
Gross Profit (Loss) 249,918119,214109.638
Operational Profit (Loss) 208,63585,318144.538
Net Profit (Loss) after Zakat and Tax 204,30053,515281.762
Total Comprehensive Income 203,24252,911284.12
Total Share Holders Equity (after Deducting Minority Equity) 2,055,9211,983,5393.649
Profit (Loss) per Share 1.20.31
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListExplanation
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.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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