Tabuk Cement Co. 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) | -11.23 | 8.68 | - | -9.69 | -15.89 |
| Gross profit (loss) | -1.59 | 14.67 | - | 15.85 | - |
| Operational profit (loss) | -5.86 | 10 | - | -7.37 | 20.49 |
| Earning or loss per share, Riyals | -0.12 | 0.1 | - | - | - |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | Net loss has been incurred during the current quarter compared to the same quarter last year.Loss is due to reduction in sales price, fierce competition, increase in sales cost following increase in depreciation expences and increas in financing fees. |
| Reasons of increase (decrease) for period compared with same period last year | Net loss has been incurred during the current quarter compared to the previous quarter. Loss is due to reduction in sales price, fierce competition, increase in sales cost following increase in depreciation expences and increas in financing fees. |
| Reclassifications in quarterly financial results | Certain comparative figures have been adjusted to conform to the presentation in accordance with the International Financial Reporting Standards. |
| Other notes | 1. Sales / revenues during the current quarter amounted to 46.73 million compared to 57.46 million riyals for the same quarter of the previous year, a decrease of 18.66%. 2. Net loss before Zakat and tax during the current quarter reached SR 10.55 million compared to profit SR 8.95 million for the same quarter of the previous year. 3. Total loss of comprehensive income during the current quarter reached SR11.23 million, compared to profit of SR 8.68 million for the same quarter last year. 4. Total shareholders' equity (non-minority rights) at the end of the current period reached SR 1139.8 million, compared to SR 1181.6 million, a decrease of 3.54% for same period last year. |
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