Najran Cement Company announces the interim financial results for the period ending on 30-09-2022 (Nine Months)

31 October 2022 03:36 PM

NAJRAN CEMENT 3002 -6.00% 10.02 -0.64

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	127,689	125,886	1.43	108,051	18.17
Gross Profit (Loss)	41,367	49,303	-16.1	30,802	34.3
Operational Profit (Loss)	30,917	38,818	-20.35	16,705	85.08
Net Profit (Loss) after Zakat and Tax	27,877	36,066	-22.7	13,258	110.27
Total Comprehensive Income	27,877	36,066	-22.7	13,258	110.27
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	375,605	441,895	-15
Gross Profit (Loss)	105,986	171,352	-38.15
Operational Profit (Loss)	73,749	137,725	-46.45
Net Profit (Loss) after Zakat and Tax	64,420	129,518	-50.26
Total Comprehensive Income	64,420	129,518	-50.26
Total Share Holders Equity (after Deducting Minority Equity)	1,987,743	1,930,439	2.97
Profit (Loss) per Share	0.38	0.76
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 decrease in net profit during current quarter compared to the same quarter of previous year is due to a decline in selling prices, an increase in the cost of production inputs, an increase in general and administrative expense, and an increase in financing cost, despite the increase in sales quantity and the decrease in sales and marketing expenses.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is	The increase in net profit during current quarter compared to previous quarter is due to an increase in the sales quantity and decrease in cost of sales per ton.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The decrease in net profit during current period compared to the same period of the last year is due to a decline in selling prices and an increase in the cost of production inputs.
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	None

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