Saudi Cement Co. announces its interim Financial results for the period ending on 2018-09-30 ( Nine Months )

30 October 2018 03:31 PM

SAUDI CEMENT 3030 -9.08% 45.55 -4.55

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	239.6	250.2	-4.236	245.8	-2.522
Total Profit (Loss)	113.1	115.6	-2.162	96.1	17.689
Profit (Loss) Operational	80.6	93.7	-13.98	64.1	25.741
Net Profit (Loss) after Zakat and Tax	75.4	87.4	-13.729	58	30
Total Comprehensive Income	75.4	87.4	-13.729	58	30
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	815.8	866	-5.796
Total Profit (Loss)	378.6	427.9	-11.521
Profit (Loss) Operational	293.2	361.1	-18.803
Net Profit (Loss) after Zakat and Tax	275.7	346	-20.317
Total Comprehensive Income	275.7	346	-20.317
Total Share Holders Equity (after deducting minority equity)	2,656.3	2,770.6	-4.125
Profit (Loss) per Share	1.8	2.26
All figures are in (Millions) Saudi Arabia, Riyals

	Accumulated Losses	Capital	Percentage %
	0	1,530	0

Element List	Explanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year	The reasons for the decrease of current quarter net profit compared with the same quarter of last year are, decrease in sales, in addition to increase in selling and distribution expenses, increase in Islamic financial charges, and decrease in share in net results of associates.
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter	The reasons for the increase of current quarter net profit compared with previous quarter are, decrease in cost of sales per ton of cement sold as a result of increasing production by about 31%, in addition to increase in other income in spite of increase in Islamic financial charges.
Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year	The reasons for the decrease of current period net profit compared with the same period of last year are, decrease in sales, in addition to increase in selling and distribution expenses, increase in Islamic financial charges, and decrease in share in net results of associates.
Type of the external auditor's opinion	Unmodified opinion

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