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Hail Cement Co. announces its Annual Financial Results for the Period Ending on 2020-12-31 (twelve month period)

Element ListCurrent YearPrevious Year%Change
Sales/Revenue 336,280,176274,400,92522.55
Gross Profit (Loss) 148,070,96491,425,31161.958
Operational Profit (Loss) 126,450,40569,513,12981.908
Net Profit (Loss) after Zakat and Tax 107,478,74859,058,81581.985
Total Comprehensive Income 107,270,62158,221,13184.246
Total Share Holders Equity (after Deducting Minority Equity) 1,163,301,4561,056,030,83510.157
Profit (Loss) per Share 1.10.59
All figures are in (Actual) 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 reason of the increase in the net profit during the current year compared to the same last year, is due to the increase in revenue and decrease in some of the expenses
Statement of the type of external auditor's report Unmodified opinion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion No
Reclassification of Comparison Items The comparative figures for the year 2019 in cost of revenue is restated from SAR 182,377,358 to 182,975,614 due to reclassification of strategic spare parts and site restoration expenses the effect of which is the net profit for 2019 is reduced to SAR 58,221,131. Subsequently all the required changes to shareholder's equity have been adjusted.

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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