City Cement Co. — Earnings Release 2014

Feb 17, 2015

City Cement Co announces the annual financial results for the period ending on 31-12-2014

3003 · 17/02/2015 07:43:59 · Announcement #37146 · View on Saudi Exchange

City Cement Co announces the annual financial results for the period ending on 31-12-2014

Element	Current year	Previous year	% Change
Net profit (loss)	221,752	218,424	1.52
Earning or loss per share, Riyals	1.17	1.15	-
Gross profit (loss)	254,467	252,562	0.75
Operational profit (loss)	232,942	237,696	-2

*All figures are in (Thousands) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of annual financial results	increase is due to increase in sales along with decrease in zakat provision although there is an increase in sales cost along with increase in sales expenses, general and administration expenses and other expenses and It is worth mentioning the continuation of the stoppage of second cement mill during the beginning of first quarter in 2013
Reclassifications in annual financial results	comparative figures for the year 2013 were reclassified to conform to year 2014 classification

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