Hail Cement Co. announces its Annual Financial results for the period ending on 2023-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 229,063,137 | 365,463,971 | -37.32 | ||
| Gross Profit (Loss) | 44,170,941 | 63,480,591 | -30.42 | ||
| Operational Profit (Loss) | 19,351,877 | 32,274,950 | -40.04 | ||
| Net profit (Loss) | 24,613,173 | 16,414,481 | 49.95 | ||
| Total Comprehensive Income | 22,746,900 | 24,241,938 | -6.17 | ||
| Total Share Holders Equity (After Deducting the Minority Equity) | 999,876,190 | 1,061,002,964 | -5.76 | ||
| Profit (Loss) per Share | 0.25 | 0.17 | |||
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | The decrease in revenue during the current year compared to the previous year is due to the Decrease in the quantity and value of sales compared to the previous year. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The increase in net profit during the current year compared to the previous year is due to:
- Decrease in general and administrative expenses
- Decrease in Zakat expense
- Achieving profits from financial investments at fair value, as well as high returns on Murabaha deposits during the current period |
| Statement of the type of external auditor's report | Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | Nothing |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to conform with the current presentation. |
| Additional Information | - |
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