QASSIM CEMENT COMPANY ANNOUNCES THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDING ON 31-03-2019 (THREE MONTHS)

23 April 2019 08:25 AM

QACCO 3040 -0.78% 63.30 -0.50

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	153,399,337	147,909,707	3.711	115,403,965	32.923
Total Profit (Loss)	64,822,591	62,635,103	3.492	46,160,827	40.427
Profit (Loss) Operational	57,138,366	54,592,916	4.662	38,384,106	48.859
Net Profit (Loss) after Zakat and Tax	56,015,433	57,175,776	-2.029	39,559,707	41.597
Total Comprehensive Income	56,015,433	57,175,776	-2.029	41,492,583	35.001
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (after deducting minority equity)	1,693,451,844	1,729,381,098	-2.077
Profit (Loss) per Share	0.62	0.64
All figures are in (Actual) Saudi Arabia, Riyals

	Capital
	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 the increase in other expenses and zakat expense, despite the decrease in average cost of ton of cement sold, increase in sales value and increase in investment return.
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter	Increase in net income for current quarter compared with the previous quarter due to the increase in sales value, in addition to decrease in average cost of ton of cement sold, increase in investment return and increase in other income. despite increase in other expenses and zakat expense.
Type of the external auditor's opinion	Unmodified opinion
Reclassifications in quarter financial result	Some comparative figures have been reclassified to tally with the current presentation.

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