Southern Province Cement Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 251 | 300 | -16.333 | 258 | -2.713 |
| Gross Profit (Loss) | 93 | 71 | 30.985 | 88 | 5.681 |
| Operational Profit (Loss) | 70 | 54 | 29.629 | 67 | 4.477 |
| Net profit (Loss) | 62 | 49 | 26.53 | 74 | -16.216 |
| Total Comprehensive Income | 62 | 49 | 26.53 | 78 | -20.512 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Share Holders Equity (After Deducting the Minority Equity) | 3,348 | 3,254 | 2.888 |
| Profit (Loss) per Share | 0.44 | 0.35 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Percentage of the capital (%) | Amount | |
|---|---|---|---|
| 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 quarter compared to the same quarter of the last year is | The decrease in sales is due to decrease in sales volume |
| 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 with the same quarter of the previous year is due to:
1- Increase in average selling price 2- Decrease of cost of goods sold 3- Decrease in selling and distribution expenses |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The decrease in sales revenue is due to decrease in sales volume |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The decrease in net profit during the current quarter compared to the previous quarter is due to:
Decreased sales volume and increased zakat provision |
| Statement of the type of external auditor's report | Unmodified conclusion |
| 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) | None |
| Reclassification of Comparison Items | Some comparative figures have been reclassified to tally with current presentation. |
| Additional Information | Basic earnings per share is calculated based on the distributable profit for ordinary shares using the weighted average of outstanding ordinary shares number at the date of the financial statements. |
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