Southern Province Cement Co. announces its Interim Financial results for the Period Ending on 2024-06-30 ( Six Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 214 | 226 | -5.309 | 251 | -14.741 |
| Gross Profit (Loss) | 55 | 37 | 48.648 | 93 | -40.86 |
| Operational Profit (Loss) | 33 | 23 | 43.478 | 70 | -52.857 |
| Net profit (Loss) | 30 | 19 | 57.894 | 62 | -51.612 |
| Total Comprehensive Income | 30 | 19 | 57.894 | 62 | -51.612 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 465 | 526 | -11.596 |
| Gross Profit (Loss) | 147 | 107 | 37.383 |
| Operational Profit (Loss) | 102 | 77 | 32.467 |
| Net profit (Loss) | 92 | 68 | 35.294 |
| Total Comprehensive Income | 92 | 68 | 35.294 |
| Total Shareholders Equity (after Deducting Minority Equity) | 3,287 | 3,204 | 2.59 |
| Profit (Loss) per Share | 0.66 | 0.49 | |
| 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 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:
Decrease in revenue due to decrease in sales volume |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period 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 period compared to the same period of the last year is | The increase in net profit during the current period compared to the same period 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 |
| 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 conform to the 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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