Saudi Ceramic Co. announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )

21 April 2021 03:52 PM

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Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	440,339	393,325	11.952	367,685	19.759
Gross Profit (Loss)	147,379	85,904	71.562	96,571	52.612
Operational Profit (Loss)	75,863	20,826	264.27	35,189	115.587
Net Profit (Loss) after Zakat and Tax	70,734	10,636	565.043	28,041	152.252
Total Comprehensive Income	70,734	10,636	565.043	26,587	166.047
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (after Deducting Minority Equity)	1,563,512	1,419,713	10.128
Profit (Loss) per Share	0.89	0.13
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The reason for the improvement in performance and the increase in net profit during the current quarter compared to the same quarter of the previous year is the increase in sales revenue during the current quarter. In addition, there has been an improvement in profit margins due to a decrease in cost of sales. There has also been a decrease in finance cost in the current quarter compared to the same quarter of the previous year due to the repayment of a substantial part of the loans.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is	The reason for the increase in net profit during the current quarter compared to the previous quarter is due to the increase in sales during the current quarter. In addition to the continuing decline in financing costs.
Statement of the type of external auditor's report	Unmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion	None
Reclassification of Comparison Items	Comparative EPS has been updated according to the new weighted average number of shares.

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