Yanbu Cement Co. Announces the Annual Consolidated Financial Result for the period ending on 31/12/2023

13 March 2024 03:45 PM

YCC 3060 -13.95% 27.75 -4.50

Element List	Current Year	Previous Year	%Change
Sales/Revenue	780.55	981.17	-20.45
Gross Profit (Loss)	189.2	276.44	-31.56
Operational Profit (Loss)	126.21	225	-43.91
Net profit (Loss)	119.92	215.41	-44.33
Total Comprehensive Income	119.57	210.11	-43.09
Total Share Holders Equity (After Deducting the Minority Equity)	2,652.01	2,768.69	-4.21
Profit (Loss) per Share	0.76	1.37
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 reason of the decrease in sales revenue during the current year compared to the last year is the decrease in the quantity of sales and the average selling price.
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The reason of the decrease in net profit during the current year compared to the last year is the decrease in sales revenue, an increase in financing expenses, despite the increase of 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)	There is no
Reclassification of Comparison Items	Some comparative figures have been reclassified to tally with current presentation.
Additional Information	There is no

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