City Cement Co. — Earnings Release 2022

Mar 19, 2023

City Cement Co. announces its Annual Financial Results for the Period Ending on 2022-12-31

3003 · 19/03/2023 08:02:20 · Announcement #72438 · View on Saudi Exchange

City Cement Co. announces its Annual Financial Results for the Period Ending on 2022-12-31

Element List	Current Year	Previous Year	%Change
Sales/Revenue	431,381,721	496,731,659	-13.15
Gross Profit (Loss)	145,438,946	207,872,505	-30.03
Operational Profit (Loss)	110,808,981	174,362,579	-36.45
Net Profit (Loss) after Zakat and Tax	115,010,427	160,280,268	-28.24
Total Comprehensive Income	116,815,058	160,081,242	-27.03
Total Share Holders Equity (after Deducting Minority Equity)	1,819,087,497	1,830,122,286	-0.6
Profit (Loss) per Share	0.82	1.14
All figures are in (Actual) 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 reason for the decrease in net profit during this year compared to the previous year is due to the decrease in the value and quantity of sales.
Statement of the type of external auditor's report	Unmodified opinion
Reclassification of Comparison Items	N/A

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