City Cement Co. announces its Annual Financial Results for the Period Ending on 2020-12-31

28 February 2021 03:58 PM

CITY CEMENT 3003 0.23% 17.44 0.04

Element List	Current Year	Previous Year	%Change
Sales/Revenue	572,279,687	531,377,516	7.697
Gross Profit (Loss)	256,960,234	231,112,702	11.183
Operational Profit (Loss)	220,047,066	195,031,731	12.826
Net Profit (Loss) after Zakat and Tax	220,493,117	190,097,083	15.989
Total Comprehensive Income	219,794,515	188,752,216	16.446
Total Share Holders Equity (after Deducting Minority Equity)	1,845,041,044	2,257,246,529	-18.261
Profit (Loss) per Share	1.22	1
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The main reasons for the increase in the net profit of the current period compared to the same period of the previous year are: 1. The sales value and quantity of the current period have increased compared to the same period of the previous year. 2. Zakat provision of the current period have decrease compared to the same period of the previous year. 3. General admin expenses of the current period have slightly decrease compared to the same period of the previous year.
Statement of the type of external auditor's report	Unmodified opinion
Reclassification of Comparison Items	Some comparative figures have been reclassified to tally with the current presentation.

Element List

Explanation

The reason of the increase (decrease) in the net profit during the current year compared to the last year is

The main reasons for the increase in the net profit of the current period compared to the same period of the previous year are:

1. The sales value and quantity of the current period have increased compared to the same period of the previous year.

2. Zakat provision of the current period have decrease compared to the same period of the previous year.

3. General admin expenses of the current period have slightly decrease compared to the same period of the previous year.

Statement of the type of external auditor's report

Unmodified opinion

Reclassification of Comparison Items

Some comparative figures have been reclassified to tally with the current presentation.

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