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City Cement Co announces the interim financial results for the period ending on 31-12-2013 (Twelve Months)

Element Current quarter Similar quarter for previous year % Change current Previous quarter % Change previous
Net profit (loss) 48,282 43,514 10.96 45,418 6.31
Gross profit (loss) 58,388 52,055 12.17 56,388 3.55
Operational profit (loss) 52,831 47,999 10.07 51,458 2.67
All figures are in (Thousands) Saudi Arabia, Riyals
Element Current period Similar period for previous year % Change
Net profit (loss) 218,424 242,902 -10.08
Gross profit (loss) 253,992 280,586 -9.48
Operational profit (loss) 237,696 266,305 -10.74
Earning or loss per share, Riyals 1.15 2 -
All figures are in (Thousands) Saudi Arabia, Riyals
Element EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year Increase is due to increase in sales
Reasons of increase (decrease) for period compared with same period last year Reason for decrease due to increase in cost of spare parts, repair and maintenance ,salaries , Zakat provision and cost of imported cement
Reasons of increase (decrease) for quarter compared with previous quarter Increase is due to increase in sales
External auditor's report containing reservation comparative figures for the period ended 31/12/2012 were reclassified to conform to period ended 31/12/2013 classification
Other notes Earnings per share was calculated for the three months and twelve months ended on December 31, 2013 and 2012 by dividing income from operations and net income for each period by the average number of shares during the periods, which amounted to twelve months ended December 31, 2013 and for the three months ended December 31, 2013 189,200,000 shares (on 31 December 2012 the number of shares equal 121,438,797 shares).

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
9.4 -0.35 (-3.59%)
Value Traded (SAR) Volume Traded
4,311,879.54 453,517

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