Al Jouf Cement Co. — Earnings Release 2016

Feb 23, 2017

AL JOUF CEMENT COMPANY announces the annual financial results for the period ending on 31-12-2016

3091 · 23/02/2017 15:15:31 · Announcement #45709 · View on Saudi Exchange

AL JOUF CEMENT COMPANY announces the annual financial results for the period ending on 31-12-2016

Element	Current year	Previous year	% Change
Net profit (loss)	72,067,712	76,337,288	-5.59
Earning or loss per share, Riyals	0.55	0.59	-
Gross profit (loss)	108,231,377	122,018,966	-11.3
Operational profit (loss)	78,695,470	88,782,498	-11.36

*All figures are in Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of annual financial results	Decrease in the average sales price, and increase in fuel prices, despite Increase in the quantity of sales, also despite decrease in the general expenses and Zakat expenses, and increase in the other income
Reclassifications in annual financial results	Certain reclassifications were made in comparative numbers to conform to the current period
Other notes	1. Total gross sales for the current period are SAR 319.9 Million, compared to SAR 336.3 Million for the same period of previous year, a decline of 4.9%. 2. Total shareholders equity (There are no Minority Interests) for the current period SAR 1,592.0 Million, compared to SAR 1,519.1 Million for the same period of previous year, an increase of 4.8%

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