Eastern Province Cement Co. announces its Interim Financial Results for the Period Ending on 2020-06-30 ( Six Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 146 | 159 | -8.176 | 234 | -37.606 |
| Gross Profit (Loss) | 46 | 40 | 15 | 94 | -51.063 |
| Operational Profit (Loss) | 31 | 24 | 29.166 | 78 | -60.256 |
| Net Profit (Loss) after Zakat and Tax | 30 | 32 | -6.25 | 85 | -64.705 |
| Total Comprehensive Income | 40 | 22 | 81.818 | 63 | -36.507 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 380 | 340 | 11.764 |
| Gross Profit (Loss) | 140 | 97 | 44.329 |
| Operational Profit (Loss) | 109 | 65 | 67.692 |
| Net Profit (Loss) after Zakat and Tax | 116 | 78 | 48.717 |
| Total Comprehensive Income | 96 | 70 | 37.142 |
| Total Share Holders Equity (after Deducting Minority Equity) | 2,379 | 2,207 | 7.793 |
| Profit (Loss) per Share | 1.35 | 0.9 | |
| All figures are in (Millions) 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 | The reason for the decrease is due to:
Decrease in quantity of precast sales. Decrease in investments Income. Decrease in other income. |
| Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to | The reason for the decrease is due to:
Decrease in the quantity and value of sales for cement and precast due to the coincidence of the 2nd quarter with Ramadan and the Eid holiday , and the impact of corona virus on the markets. Decrease in investments Income. Decrease in the company's share of the results of an associate. Increase in Zakat provision. |
| Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed to | The reason for the increase is due to:
Increase in quantity and value of cement sales due to improvement in domestic demand. Decrease in general and selling and Marketing expenses. Increase the company's share of the results of an associate. |
| Basis of the External Auditor's Opinion | Unmodified opinion |
| Reclassification of Comparison Items | Not applicable |
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