QASSIM CEMENT COMPANY ANNOUNCES THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDING ON 30 JUNE 2020 (SIX MONTHS)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 167,435,139 | 154,530,024 | 8.351 | 261,746,054 | -36.031 |
| Gross Profit (Loss) | 90,888,226 | 75,616,153 | 20.196 | 152,837,536 | -40.532 |
| Operational Profit (Loss) | 82,355,186 | 68,449,699 | 20.314 | 129,219,493 | -36.267 |
| Net Profit (Loss) after Zakat and Tax | 85,470,047 | 70,458,810 | 21.304 | 111,168,104 | -23.116 |
| Total Comprehensive Income | 85,470,047 | 70,458,810 | 21.304 | 111,168,104 | -23.116 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 429,181,193 | 307,929,361 | 39.376 |
| Gross Profit (Loss) | 243,725,762 | 140,438,744 | 73.545 |
| Operational Profit (Loss) | 211,574,679 | 125,588,065 | 68.467 |
| Net Profit (Loss) after Zakat and Tax | 196,638,151 | 126,474,243 | 55.476 |
| Total Comprehensive Income | 196,638,151 | 126,474,243 | 55.476 |
| Total Share Holders Equity (after Deducting Minority Equity) | 1,791,785,737 | 1,709,910,654 | 4.788 |
| Profit (Loss) per Share | 2.18 | 1.41 | |
| 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 following:
- The increase in sales driven by the increase in the average selling price. - The increase in other income. Despite of the following: - The increase in general and administrative expenses. - The increase in selling and marketing expenses. - The decrease in financial investments return. |
| 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 following:
- The decrease in sales driven by the decrease in sales volume due to seasonal reasons (Holy Ramadan and Eid Al-Fitr) and the decrease in the average selling price. Despite of the following: - The decrease in selling and marketing expenses. - The decrease in general and administrative expenses. - The increase in financial investments return. - The Increase in other income. |
| 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 the same period for previous year due to the following:
- The increase in sales driven by the increase in sales volume and the increase in average selling price. - The increase in other income. This is despite the following: - The increase in general and administrative expenses. - The increase in selling and marketing expenses. - Recognition of impairment losses on long-term financial investments. - The decrease in financial investments return. |
| 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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