Saudi Cement Company announces the interim financial results for the period ending on 30-06-2023 (Six Months)

07 August 2023 03:45 PM

SAUDI CEMENT 3030 -9.38% 45.40 -4.70

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	356.3	349	2.09	409.6	-13.01
Gross Profit (Loss)	145.1	146	-0.62	175.8	-17.46
Operational Profit (Loss)	93.7	102.9	-8.94	123.7	-24.25
Net Profit (Loss) after Zakat and Tax	85.2	102.5	-16.88	123.8	-31.18
Total Comprehensive Income	85.2	102.3	-16.71	123.7	-31.12
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	765.9	664	15.35
Gross Profit (Loss)	320.9	246.7	30.08
Operational Profit (Loss)	217.5	163	33.44
Net Profit (Loss) after Zakat and Tax	209	163.7	27.67
Total Comprehensive Income	208.9	163.4	27.84
Total Share Holders Equity (after Deducting Minority Equity)	2,004.6	2,061.2	-2.75
Profit (Loss) per Share	1.37	1.07
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 reason for the decrease of current quarter net profit compared with the same quarter of last year is attributed to the decrease in local value and quantities sold in spite of the increase in total value and quantities sold in addition to the increase in selling and distribution expenses, increase in general and administrative expenses, increase in financial charges, decrease in share of profit in an associate and decrease in other revenues.
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 for the decrease of current quarter net profit compared with previous quarter is attributed to the decrease in sales revenue due to decrease in value and quantities sold in addition to the increase in finance charges and the decrease in gain on sale of investment related to the subsidiary, in spite of the decrease in selling and distribution expenses and increase in other revenue.
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 reason for the increase of current period net profit compared with the same period of last year is attributed to the increase in total value and quantities sold in spite of the decrease in local quantities sold, in addition to the increase in gain on sale of investment related to the subsidiary and decrease in zakat expense inspite of the increase in general and administrative expenses, increase in selling and distribution expenses, increase in finance charges, decrease in share of profit in an associate and decrease in other revenues.
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	N/A
Additional Information	None

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