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QASSIM CEMENT COMPANY ANNOUNCES THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDING ON 30 JUNE 2020 (SIX MONTHS)

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 167,435,139154,530,0248.351261,746,054-36.031
Gross Profit (Loss) 90,888,22675,616,15320.196152,837,536-40.532
Operational Profit (Loss) 82,355,18668,449,69920.314129,219,493-36.267
Net Profit (Loss) after Zakat and Tax 85,470,04770,458,81021.304111,168,104-23.116
Total Comprehensive Income 85,470,04770,458,81021.304111,168,104-23.116
All figures are in (Actual) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 429,181,193307,929,36139.376
Gross Profit (Loss) 243,725,762140,438,74473.545
Operational Profit (Loss) 211,574,679125,588,06568.467
Net Profit (Loss) after Zakat and Tax 196,638,151126,474,24355.476
Total Comprehensive Income 196,638,151126,474,24355.476
Total Share Holders Equity (after Deducting Minority Equity) 1,791,785,7371,709,910,6544.788
Profit (Loss) per Share 2.181.41
All figures are in (Actual) 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 Increase in net income for current quarter compared with same quarter for last year due to the following:

- The increase in sales driven by the increase in the average selling price.

- The increase in other income.

Despite of the following:

- The increase in general and administrative expenses.

- The increase in selling and marketing expenses.

- The decrease in financial investments return.

Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to The decrease in net income for the current quarter compared with the previous quarter due to the following:

- The decrease in sales driven by the decrease in sales volume due to seasonal reasons (Holy Ramadan and Eid Al-Fitr) and the decrease in the average selling price.

Despite of the following:

- The decrease in selling and marketing expenses.

- The decrease in general and administrative expenses.

- The increase in financial investments return.

- The Increase in other income.

Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed to Increase in net income for current period compared with the same period for previous year due to the following:

- The increase in sales driven by the increase in sales volume and the increase in average selling price.

- The increase in other income.

This is despite the following:

- The increase in general and administrative expenses.

- The increase in selling and marketing expenses.

- Recognition of impairment losses on long-term financial investments.

- The decrease in financial investments return.

Basis of the External Auditor's Opinion Unmodified opinion
Reclassification of Comparison Items Some comparative figures have been reclassified to tally with the current 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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Last Price Net Change
72.1 0.4 (+0.56%)
Value Traded (SAR) Volume Traded
7,590,797.2 105,203

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