Eastern Province Cement Co. — Earnings Release 2020

Mar 7, 2021

Eastern Province Cement Co. announces its Annual Financial Results for the Period Ending on 2020-12-31

3080 · 07/03/2021 15:24:25 · Announcement #62142 · View on Saudi Exchange

Eastern Province Cement Co. announces its Annual Financial Results for the Period Ending on 2020-12-31

Element List	Current Year	Previous Year	%Change
Sales/Revenue	742	729	1.783
Gross Profit (Loss)	260	218	19.266
Operational Profit (Loss)	207	161	28.571
Net Profit (Loss) after Zakat and Tax	217	181	19.889
Total Comprehensive Income	251	274	-8.394
Total Share Holders Equity (after Deducting Minority Equity)	2,533	2,412	5.016
Profit (Loss) per Share	2.53	2.1
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 reason for the increase is due to:

Increase in quantity and value of cement sales.

Decrease in cost of sales.

Decrease in administrative and general expenses.

Increase in the company's share of the results of an associate and other revenue. Statement of the type of external auditor's report Unmodified opinion Reclassification of Comparison Items Some of the same last year period comparative figures were reclassified to comply with the current period comparative figures.

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