Najran Cement Company announces the interim financial results for the period ending on 2023-03-31 (Three Months)

16 May 2023 08:01 AM

NAJRAN CEMENT 3002 -5.82% 10.04 -0.62

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	143,683	139,865	2.73	160,081	-10.24
Gross Profit (Loss)	45,319	38,310	18.3	65,702	-31.02
Operational Profit (Loss)	35,215	26,127	34.78	54,627	-35.53
Net Profit (Loss) after Zakat and Tax	28,981	23,285	24.46	49,330	-41.25
Total Comprehensive Income	28,981	23,285	24.46	48,064	-39.7
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)	1,979,787	1,946,608	1.7
Profit (Loss) per Share	0.17	0.14
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 of the increase in the net profit during the current quarter compared to the same quarter of last year is the increase in revenue and the decrease in selling and distribution expenses, despite the increase in financing cost.
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 reason of the decrease in the net profit during the current quarter compared to the previous quarter is mainly due to decline in sales quantities and an increase in the cost of production inputs.
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	None

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