Southern Province Cement Co. announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 439 | 457 | -3.938 | 431 | 1.856 |
| Gross Profit (Loss) | 190 | 193 | -1.554 | 163 | 16.564 |
| Operational Profit (Loss) | 177 | 181 | -2.209 | 150 | 18 |
| Net Profit (Loss) after Zakat and Tax | 175 | 183 | -4.371 | 141 | 24.113 |
| Total Comprehensive Income | 175 | 183 | -4.371 | 141 | 24.113 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Share Holders Equity (after Deducting Minority Equity) | 3,455 | 3,490 | -1.002 |
| Profit (Loss) per Share | 1.25 | 1.31 | |
| All figures are in (Millions) 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 decrease in net profit for the current quarter compared to the same quarter of the previous year is due to:
1- A decrease in sales revenues by (3.94%) and a decrease in the amount of sales by (1.75%). 2- An increase in general and administrative expenses by (14.41%) 3- Decrease in other miscellaneous income by (51.16%) |
| 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 increase in net profit is due to the current quarter compared to the previous quarter of the current year
1- An increase in sales revenue by (1.98%) and a decrease in cost of sales by (6.69%). 2- Increase in other income by (108%). |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | Some of the comparative figures have been reclassified for the three-month period of 2020 to conform to the presentation of the three-month figures of 2021. |
| Additional Information | 1-Total sales during the current quarter amounted to 439 million riyals compared to 457 million riyals for the same quarter of the previous year, with a decrease of (3.94%)
2-The total shareholders' equity (no minority rights) during the current quarter amounted to 3,455 million riyals, compared to 3,490 million riyals for the same quarter of the previous year, with a decrease of (1%). 3-Total comprehensive income for the current quarter amounted to 175 million, compared to 183 million for the same quarter of the previous year, with a decrease of (4.37%). 4-Total comprehensive income for the current quarter amounted to 175 million, compared to 141 million for the previous quarter, an increase of (24.11%) 5-Basic earnings per share is calculated based on the distributable profit for ordinary shares using the weighted average number of ordinary shares outstanding at the date of the financial statements. |
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