Eastern Province Cement Co. announces its Annual Financial results for the period ending on 2023-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 985 | 784 | 25.64 | ||
| Gross Profit (Loss) | 309 | 248 | 24.6 | ||
| Operational Profit (Loss) | 240 | 181 | 32.6 | ||
| Net profit (Loss) | 198 | 143 | 38.46 | ||
| Total Comprehensive Income | 168 | 138 | 21.74 | ||
| Total Share Holders Equity (After Deducting the Minority Equity) | 2,390 | 2,360 | 1.27 | ||
| Profit (Loss) per Share | 2.3 | 1.67 | |||
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | The increase is due to:
- Increase in the quantity of cement and precast sales. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The decrease is due to:
- Increase in the quantity of cement and precast sales. - Increase in dividends, Murabaha income. - Increase in other income. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | Not applicable |
| Reclassification of Comparison Items | Certain comparative year amounts have been reclassified to conform to the current year presentation. Refer to Note 37. |
| Additional Information | - |
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