All figures are in (Thousands) Saudi Arabia, Riyals
Element List
Current Period
Similar period for previous year
%Change
Sales/Revenue
206,184
248,502
-17.029
Total Profit (Loss)
-10,412
40,092
-
Profit (Loss) Operational
-38,610
11,733
-
Net Profit (Loss) after Zakat and Tax
-65,634
-10,067
551.971
Total Comprehensive Income
-65,634
-10,067
551.971
Total Share Holders Equity (after deducting minority equity)
1,952,551
2,028,883
-3.762
Profit (Loss) per Share
-0.39
-0.06
All figures are in (Thousands) Saudi Arabia, Riyals
Accumulated Losses
Capital
Percentage %
0
1,700,000
0
Element List
Explanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year
The increase in net loss is mainly attributable to lower average selling price as a result of subdued market demand for cement and fierce competition, despite the increase in sales volume, in addition to an increase in financial charges.
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter
Net loss decreased due to the rationalization of production costs as a result of control over operating and non operating costs and decrease in financial charges and deprecation cost despite the decrease in sales volume as a result of subdued market demand for cement and increase in zakat provision
Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year
The increase in net loss is mainly attributable to lower average selling price and the decrease in sales volume as a result of subdued market demand for cement in addition to the increase in production cost due to low production capacity utilization despite the company's initiatives to cut cost, in addition to reporting other expenses compared to other income during the same period last year, and an increase in financial charges
Type of the external auditor's opinion
Unmodified opinion
External auditor's report containing reservation
None
Reclassifications in quarter financial result
There is no material reclassification in the quarter financial results
Comments