QASSIM CEMENT COMPANY ANNOUNCES THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDING ON 31 MARCH 2023 (THREE MONTHS)

03 May 2023 08:02 AM

QACCO 3040 0.58% 52.00 0.30

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	174,070,676	142,490,008	22.16	217,054,168	-19.8
Gross Profit (Loss)	56,644,495	27,373,677	106.93	77,349,446	-26.77
Operational Profit (Loss)	49,076,568	27,652,719	77.47	60,849,603	-19.35
Net Profit (Loss) after Zakat and Tax	54,939,616	25,084,816	119.02	53,041,728	3.58
Total Comprehensive Income	54,939,616	25,084,816	119.02	53,127,078	3.41
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (after Deducting Minority Equity)	1,665,716,440	1,703,263,733	-2.2
Profit (Loss) per Share	0.61	0.28
All figures are in (Actual) 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 increase in net profit during the current quarter compared to the same quarter of the previous year is due to the increase in the sales value in addition to the increase in financial investment returns, despite the increase in the cost of sales and the decrease in other income.
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 the net profit during the current quarter compared to the previous quarter is due to recognize unrealized gains from financial investment FVTPL during the current quarter compared to unrealized losses during the previous quarter, in addition to the decrease in general and administrative expenses and the decrease in the average cost of sales per ton. Despite the decrease in sales value and volume.
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	Some comparative figures have been reclassified to tally with the current presentation.

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