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Arabian Cement Co. — Earnings Release 2020
Mar 1, 2021
53345_rns_2021-03-01_3230007a-61c0-4b36-a2ab-8579cdab4f16.html
Earnings Release
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Arabian Cement Co. announces its Annual Financial Results for the Period Ending on 2020-12-31
3010 · 01/03/2021 08:22:43 · Announcement #62060 · View on Saudi Exchange
Arabian Cement Co. announces its Annual Financial Results for the Period Ending on 2020-12-31
| Element List | Current Year | Previous Year | %Change |
|---|---|---|---|
| Sales/Revenue | 871.9 | 782 | 11.496 |
| Gross Profit (Loss) | 302.5 | 315.7 | -4.181 |
| Operational Profit (Loss) | 230.8 | 308.6 | -25.21 |
| Net Profit (Loss) after Zakat and Tax | 184.9 | 208.7 | -11.403 |
| Total Comprehensive Income | 228.8 | 266.7 | -14.21 |
| Total Share Holders Equity (after Deducting Minority Equity) | 2,911.8 | 2,883 | 0.998 |
| Profit (Loss) per Share | 1.85 | 2.09 | |
| All figures are in (Millions) Saudi Arabia, Riyals |
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The main reasons for the decrease in the net profit of the current period compared to the same period of the previous year are: increases in GOGS and Selling & Marketing Expenses due to the increase of the volume of export and increase of Zakat provision in ACC (Saudi Operations) despite the increase in sales volume and value in ACC (Saudi Operations) and the increase in dividends distribution from investment and the reduction of G&A expenses and financial charges. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Reclassification of Comparison Items | Some comparative figures have been reclassified to tally with the current presentation. |
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