QASSIM CEMENT COMPANY ANNOUNCES THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDING ON 30-06-2019 (SIX MONTHS)

04 August 2019 08:20 AM

QACCO 3040 -10.11% 56.90 -6.40

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	154,530,024	88,052,539	75.497	153,399,337	0.737
Gross Profit (Loss)	75,616,153	22,009,280	243.564	64,822,591	16.65
Operational Profit (Loss)	68,449,699	15,619,172	338.241	57,138,366	19.796
Net Profit (Loss) after Zakat and Tax	70,458,810	18,379,222	283.361	56,015,433	25.784
Total Comprehensive Income	70,458,810	18,379,222	283.361	56,015,433	25.784
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	307,929,361	235,962,246	30.499
Gross Profit (Loss)	140,438,744	84,644,383	65.916
Operational Profit (Loss)	125,588,065	70,212,088	78.869
Net Profit (Loss) after Zakat and Tax	126,474,243	75,554,998	67.393
Total Comprehensive Income	126,474,243	75,554,998	67.393
Total Share Holders Equity (after Deducting Minority Equity)	1,709,910,654	1,689,260,319	1.222
Profit (Loss) per Share	1.41	0.84
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Explanation
Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to	Increase in net income for current quarter compared with same quarter for last year due to the increase in sales, driven by increase in average selling price, in addition to the increase in investment return and increase in other income, despite increase in general & admin expenses, increase in selling & marketing expenses and increase in zakat expense.
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to	Increase in net income for current quarter compared with the previous quarter due to increase in sales value as a result of increase in average selling price, in addition to decrease in general & admin expenses, increase in investment return, increase in other income and absence of other expenses, Despite decrease in sales volume due to seasonal reasons (Holy Ramadan and Eid Al-Fitr).
Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed to	Increase in net income for current period compared with same period for last year due to increase in sales, driven by increase in average selling price, in addition to increase in investment return, despite the increase in general & admin expenses, decrease in other income, increase in other expenses and increase in zakat expenses.
Basis of the External Auditor's Opinion	Unmodified opinion
Reclassification of Comparison Items	Some comparative figures in the statement of cash flows have been reclassified to tally with the current presentation.

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