AnnouncementDetails

Actions

Saudi Cement Company announces the interim financial results for the period ending on 31-03-2018 (Three Months)

Element Current quarter Similar quarter for previous year % Change current Previous quarter % Change previous
Net profit (loss) 142.2 164.7 -13.66 107.5 32.28
Gross profit (loss) 169.3 191.2 -11.45 140.9 20.16
Operational profit (loss) 148.5 168.3 -11.76 112.4 32.12
Earning or loss per share, Riyals 0.93 1.08 - - -
All figures are in (Millions) Saudi Arabia, Riyals
Element EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year The reasons for the decrease of current quarter net profit compared with last year quarter are, decrease in sales, increase in cost of sales per ton of cement sold, as a result of reducing production, in addition to increase in Islamic financial charges, decrease in other income and decrease in share in net results of associates companies.
Reasons of increase (decrease) for quarter compared with previous quarter The reasons for the increase of current quarter net profit compared with previous quarter are, increase in sales, decrease in cost of sales per ton of cement sold, as a result of increasing production, in addition to decrease in general and administrative expenses and increase in share in net results of associates companies.
Other notes Total sales for the current quarter was SR 330.5 Million compared with SR 346.4 Million for the same quarter of last year, decrease of 4.6% and compared with last quarter sales of SR 318.5 Million, increase of 3.8%. Total Comprehensive Income for the current quarter was SR 142.2 Million compared with SR 164.7 Million for the same quarter of last year, decrease of 13.7% and compared with last quarter comprehensive income of SR 107.3 Million, increase of 32.5%. Total Shareholder Equity ( no Minority Interest) at end of the current period was SR 3,020.1 Million compared with SR 3,354.3 Million at end of the same period of last year, decrease of 10%.

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.

Company Profile

Actions

Company Profile

Summary

Last Price Net Change
63.7 -0.1 (-0.16%)
Value Traded (SAR) Volume Traded
8,502,282.5 133,379

RelatedAnnouncementPortlet

Actions

Related Announcements