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Najran Cement Co. announces the interim financial results for the period ending on 30-06-2016 (Six Months)

Element Current quarter Similar quarter for previous year % Change current Previous quarter % Change previous
Net profit (loss) 33,609 77,828 -56.82 61,081 -44.98
Gross profit (loss) 74,376 151,055 -50.76 111,834 -33.49
Operational profit (loss) 44,937 91,324 -50.79 72,286 -37.83
All figures are in (Thousands) Saudi Arabia, Riyals
Element Current period Similar period for previous year % Change
Net profit (loss) 94,690 169,823 -44.24
Gross profit (loss) 186,210 311,024 -40.13
Operational profit (loss) 117,223 196,307 -40.29
Earning or loss per share, Riyals 0.56 1 -
All figures are in (Thousands) Saudi Arabia, Riyals
Element EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year Decrease in net profit is mainly attributable to lower sales volume due to slow down of construction activities and holy month of Ramadan and the increase in energy prices despite the increase in average sales price and decrease in selling and distribution expesnes.
Reasons of increase (decrease) for period compared with same period last year Decrease in net profit is mainly attributable to lower sales volume due to slow down of construction activties and the increase in energy prices despite the increase in average sales price and decrease in selling and distribution expesnes.
Reasons of increase (decrease) for quarter compared with previous quarter Decrease in net profit is mainly attributable to lower sales volume, higher clincker production, and planned maintinance costs despite the decrease in selling and distribution expenses.
Reclassifications in quarterly financial results Comparative figures are reclassified, wherever necessary.

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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