QASSIM CEMENT COMPANY ANNOUNCES THE ANNUAL FINANCIAL RESULTS ENDING ON 31-12-2018
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 425,729,461 | 625,946,224 | -31.986 | ||
| Total Profit (Loss) | 140,351,671 | 273,678,870 | -48.716 | ||
| Profit (Loss) Operational | 111,883,681 | 244,633,832 | -54.264 | ||
| Net Profit (Loss) after Zakat and Tax | 120,798,213 | 251,790,527 | -52.024 | ||
| Total Comprehensive Income | 122,731,089 | 252,092,423 | -51.315 | ||
| Total Share Holders Equity (after deducting minority equity) | 1,637,436,411 | 1,744,205,322 | -6.121 | ||
| Profit (Loss) per Share | 1.34 | 2.8 | |||
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Explanation |
|---|---|
| Reason for increase (decrease) in net profit for current year compared to last year | Decrease in net income for current year compared to the previous year due to the decrease in sales volume and value, driven by lower demand of cement, and Intensity of competition which resulting a decrease in average selling price, in addition to the increase in average cost of ton of cement sold and zakat expense, despite the increase in investment income. |
| Type of the external auditor's opinion | Unmodified opinion |
| Reclassifications in annual financial results | Some comparative figures have been reclassified to tally with the current year presentation. |
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