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Eastern Province Cement Co. announces its Interim Financial Results for the Period Ending on 2020-03-31 ( Three Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 23418129.2812158.837
Gross Profit (Loss) 945862.0687525.333
Operational Profit (Loss) 784190.2435932.203
Net Profit (Loss) after Zakat and Tax 854684.7826628.787
Total Comprehensive Income 634831.25174-63.793
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (after Deducting Minority Equity) 2,4742,2509.955
Profit (Loss) per Share 0.990.53
All figures are in (Millions) Saudi Arabia, Riyals
Element ListExplanation
Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to "Net profit increased due to:

- Increase in cement sales due to an improvement in Local demand.

- Decrease in general and administrative expenses, and selling and marketing expense .

- Increase in both revenues from investments and share in the results of associated companies."

Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to "Net profit increased due to:

- Increase in cement sales due to an improvement in Local demand.

Decrease in general and administrative expenses.

- Decrease in other expenses and Zakat expenses."

Basis of the External Auditor's Opinion Unmodified opinion
Reclassification of Comparison Items Not applicable

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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