Najran Cement Co. — Earnings Release 2020

Apr 22, 2020

Najran Cement Company announces the interim financial results for the period ending on 2020-03-31 (Three Months)

3002 · 22/04/2020 15:57:27 · Announcement #58658 · View on Saudi Exchange

Najran Cement Company announces the interim financial results for the period ending on 2020-03-31 (Three Months)

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	156,380	106,500	46.835	136,411	14.638
Gross Profit (Loss)	56,431	22,614	149.54	51,647	9.262
Operational Profit (Loss)	46,055	14,039	228.05	42,570	8.186
Net Profit (Loss) after Zakat and Tax	40,117	6,056	562.433	35,917	11.693
Total Comprehensive Income	40,117	6,056	562.433	35,313	13.604
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (after Deducting Minority Equity)	2,023,656	1,939,684	4.329
Profit (Loss) per Share	0.24	0.04
All figures are in (Thousands) Saudi Arabia, Riyals

	Accumulated Losses	Capital	Percentage %
	0	1,700,000	0
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Explanation
Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to	The increase in net profit for current quarter compared to the same quarter of the previous year is attributable to significantly higher sales volume, lower cost of sales, and lower financing costs
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to	The increase in net profit for current quarter compared to the previous quarter is attributable to higher sales volume, and lower financing costs.
Basis of the External Auditor's Opinion	Unmodified opinion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion	Not applicable
Reclassification of Comparison Items	Not applicable

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