Northern Region Cement Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

16 May 2024 02:56 PM

NORTHERN CEMENT 3004 -11.30% 9.03 -1.15

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	139,132	181,087	-23.168	175,320	-20.641
Gross Profit (Loss)	44,618	48,136	-7.308	61,752	-27.746
Operational Profit (Loss)	25,568	31,851	-19.726	38,357	-33.342
Net profit (Loss)	51,628	21,758	137.282	-8,307	-
Total Comprehensive Income	50,992	20,332	150.796	-8,547	-
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (After Deducting the Minority Equity)	2,246,086	2,248,466	-0.105
Profit (Loss) per Share	0.29	0.12
All figures are in (Thousands) 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 (Thousands) 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 reason for the decrease in revenue in the current quarter compared to the same quarter of the previous year is attributed to a 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 reason for the increase in profit in the current quarter compared to similar sectors from the previous year is due to the profits achieved from selling a share of the company’s investments in Iraq.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The reason for the decrease in revenue in the current quarter compared to the same quarter of the previous year is attributed to a 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 reason for the increase in profit in the current quarter compared to similar sectors from the previous year is due to the profits achieved from selling a share of the company’s investments in Iraq, in addition to the significant impact of the increase in zakat provision in the previous quarter on the net profit.
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)	N/A
Reclassification of Comparison Items	Certain figures of the prior year have been re-classified to conform to the current period presentation.
Additional Information	-

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