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

04 November 2018 03:20 PM

QACCO 3040 -0.78% 63.30 -0.50

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	74,363,250	130,747,843	-43.124	88,052,539	-15.546
Total Profit (Loss)	9,546,461	53,342,260	-82.103	22,009,280	-56.625
Profit (Loss) Operational	3,287,487	47,027,111	-93.009	15,619,172	-78.952
Net Profit (Loss) after Zakat and Tax	5,683,508	51,238,082	-88.907	18,379,222	-69.076
Total Comprehensive Income	5,683,508	50,778,211	-88.807	18,379,222	-69.076
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	310,325,496	456,966,990	-32.09
Total Profit (Loss)	94,190,844	197,950,852	-52.417
Profit (Loss) Operational	73,499,575	176,968,104	-58.467
Net Profit (Loss) after Zakat and Tax	81,238,506	184,598,983	-55.991
Total Comprehensive Income	81,238,506	184,625,162	-55.998
Total Share Holders Equity (after deducting minority equity)	1,663,443,828	1,730,738,061	-3.888
Profit (Loss) per Share	0.9	2.05
All figures are in (Actual) Saudi Arabia, Riyals

	Accumulated Losses	Capital
	0	900,000,000

Element List	Explanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year	Decrease in net income for current quarter compared with same quarter for last year due to decrease in sales volume and value, driven by lower demand of cement and decrease in average selling price, in addition to increase in average cost of ton of cement sold, zakat expense, despite increase in other income.
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter	Decrease in net income for current quarter compared with the previous quarter due to decrease in sales volume and value, driven by lower demand of cement and decrease in average selling price, in addition to increase in average cost of ton of cement sold.
Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year	Decrease in net income for current period compared with same period for last year due to decrease in sales volume and value, driven by lower demand of cement and decrease in average selling price, in addition to increase in average cost of ton of cement sold and zakat expense, despite the increase in other income.
Type of the external auditor's opinion	Unmodified opinion
Reclassifications in quarter financial result	Some comparative figures in the statement of cash flows have been reclassified to tally with the current presentation.

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