QASSIM CEMENT COMPANY ANNOUNCES THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDING ON 31 MARCH 2020 (THREE MONTHS)

30 April 2020 01:57 PM

QACCO 3040 -0.78% 63.30 -0.50

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	261,746,054	153,399,337	70.63	293,689,426	-10.876
Gross Profit (Loss)	152,837,536	64,822,591	135.778	189,679,004	-19.423
Operational Profit (Loss)	129,219,493	57,138,366	126.151	166,247,171	-22.272
Net Profit (Loss) after Zakat and Tax	111,168,104	56,015,433	98.459	144,091,592	-22.849
Total Comprehensive Income	111,168,104	56,015,433	98.459	141,567,672	-21.473
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)	1,796,315,690	1,693,451,844	6.074
Profit (Loss) per Share	1.24	0.62
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 increase in sales, driven by increase in sales volume and increase in average selling price, despite the increase in general & admin expenses, increase in selling & marketing expenses and increase in zakat expense, in addition to the impairment in long term financial investments evaluation.
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to	The decrease in net income for the current quarter compared with the previous quarter due to the decrease in sales value driven by reverse of sales allowances at the end of the previous year, in addition to the impairment in the long term financial investments. In addition to no recognition of other expenses during the current period.
Basis of the External Auditor's Opinion	Unmodified opinion
Reclassification of Comparison Items	Some comparative figures have been reclassified to tally with the current presentation.

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