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Saudi Cement Company announces the interim financial results for the period ending on 30-06-2018 (Six Months)

Element Current quarter Similar quarter for previous year % Change current Previous quarter % Change previous
Net profit (loss) 58 93.9 -38.23 142.2 -59.21
Gross profit (loss) 96.1 121.2 -20.71 169.3 -43.24
Operational profit (loss) 64.1 99.1 -35.32 148.5 -56.84
All figures are in (Millions) Saudi Arabia, Riyals
Element Current period Similar period for previous year % Change
Net profit (loss) 200.3 258.6 -22.54
Gross profit (loss) 265.5 312.3 -14.99
Operational profit (loss) 212.6 267.4 -20.49
Earning or loss per share, Riyals 1.31 1.69 -
All figures are in (Millions) Saudi Arabia, Riyals
Element EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year Decrease in sales, increase in distribution and marketing expenses, in addition to increase in Islamic financial charges and decrease the share in net results of associates companies.
Reasons of increase (decrease) for period compared with same period last year Decrease in sales, increase in distribution and marketing expenses, in addition to increase in Islamic financial charges and decrease the share in net results of associates companies and decrease in other revenue.
Reasons of increase (decrease) for quarter compared with previous quarter Decrease in sales, increase in distribution and marketing expenses and increase in the general and administrative expense, in addition to increase in Islamic financial charges and decrease the share in net results of associates companies.
External auditor's report containing reservation The external auditor examined the interim financial statements and issued an un-modified conclusion report.
Other notes Total sales for current quarter was SR 245.8 Million compared with SR 269.5 Million for the same quarter of last year, a decrease of 8.8%.
Total sales for current period was SR 576.2 Million compared with SR 615.8 Million for the same period of last year, a decrease of 6.4% .
Total Comprehensive Income for the current quarter was 58 Million compared with 93.9 Million for the same quarter of last year, decrease of 38.23% and compared with last quarter comprehensive income of SR 142.2 Million, decrease of 59.21%.
Total Comprehensive Income for the current period was SR 200.3 Million compared with SR 258.6 Million for the same period of last year, decrease of 22.54%.
Total Shareholder Equity (No Minority Interest) for current period is SR 2,580.9 Million compared with SR 2,683.2 Million for the same period of last year, a decrease of 3.81%.

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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