Correction announcement from Saudi Cement Co. in regards to interim Financial results for the period ending on 2019-06-30 ( Six Months )
| Element List | Explanation |
|---|---|
| Date on which the incorrect announcement was published on Tadawul`s website | 2019-07-30 Corresponding to 1440-11-27 |
| Incorrect statements in the previous announcement | 1- It was stated in the Element List "Reason for increase (decrease) in net profit for current quarter compared to the previous quarter" : Increase in sales, increase in share in net results of associates companies and increase in other revenues, despite the increase in administrative expenses, selling and distribution expenses and increase in Islamic financial charges.
2- It was stated in the Element List "Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year" : Decrease in sales, increase in the administrative expenses and increase in Islamic financial charges, despite the decrease in selling and distribution expenses and the increase in the share in net results of associates companies. |
| Correct Statement | 1- Element List "Reason for increase (decrease) in net profit for current quarter compared to the previous quarter" : Decrease in sales, increase in the administrative expenses and increase in Islamic financial charges, despite the decrease in selling and distribution expenses and the increase in the share in net results of associates Companies.
2- Element List "Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year" : Increase in sales, increase in share in net results of associates Companies and increase in other revenues, despite the increase in administrative expenses, selling and distribution expenses and increase in Islamic financial charges. |
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