Najran Cement Co. — Earnings Release 2015

Feb 17, 2016

Najran Cement Co. announces the annual financial results for the period ending on 31-12-2015

3002 · 17/02/2016 08:01:02 · Announcement #41218 · View on Saudi Exchange

Najran Cement Co. announces the annual financial results for the period ending on 31-12-2015

Element	Current year	Previous year	% Change
Net profit (loss)	255,624	243,196	5.11
Earning or loss per share, Riyals	1.5	1.43	-
Gross profit (loss)	521,597	398,857	30.77
Operational profit (loss)	309,266	279,925	10.48

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

Element	EXPLAINATION
Reasons of annual financial results	The increase in net profit is mainly attributable to higher sales volume and other revenue despite the decrease in average selling price and increase in selling and distribution expenses, inventory adjustments, finance expenses and Zakat provision.

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