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Saudi Cement Co. announces its Interim Financial Results for the Period Ending on 2020-06-30 ( Six Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 297.5338.6-12.138450.4-33.947
Gross Profit (Loss) 123.7140.3-11.831202.8-39.003
Operational Profit (Loss) 82.999.7-16.85157.8-47.465
Net Profit (Loss) after Zakat and Tax 74.592.3-19.284147.6-49.525
Total Comprehensive Income 74.592.3-19.284147.6-49.525
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 747.87292.578
Gross Profit (Loss) 326.4321.31.587
Operational Profit (Loss) 240.7240.7-
Net Profit (Loss) after Zakat and Tax 222.1224.8-1.201
Total Comprehensive Income 222225.1-1.377
Total Share Holders Equity (after Deducting Minority Equity) 2,418.32,513.7-3.795
Profit (Loss) per Share 1.471.47
All figures are in (Millions) 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 The reason for the decrease of current quarter net profit compared with the same quarter of last year is attributed to the decrease in sales, increase in selling and distribution expenses, increase in zakat provision, decrease in share in net results of associates, in spite of the decrease in general and administrative expenses and the decrease in financial charges.
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to The reason for the decrease of current quarter net profit compared with previous quarter is attributed to the decrease in sales during the holy month of Ramadan and Eid Al-Fitr, in addition to the global impact of Corona virus (COVID-19) pandemic, in spite of decrease in selling and distribution expenses, decrease in general and administrative expenses, decrease in financial charges and increase in share in net results of associate.
Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed to The reason for the decrease of current period net profit compared with the same period of last year is attributed to the increase in zakat provision, increase in selling and distribution expenses, decrease in share in net results of associates, in spite of the decrease in general and administrative expenses and the decrease in financial charges.
Basis of the External Auditor's Opinion Unmodified opinion
Reclassification of Comparison Items N/A

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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