Najran Cement Co. — Earnings Release 2021

May 2, 2021

Najran Cement Company announces the interim financial results for the period ending on 2021-03-31 (Three Months)

3002 · 02/05/2021 09:09:56 · Announcement #63164 · View on Saudi Exchange

Najran Cement Company announces the interim financial results for the period ending on 2021-03-31 (Three Months)

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	184,431	156,380	17.937	186,410	-1.061
Gross Profit (Loss)	75,390	56,431	33.596	81,143	-7.089
Operational Profit (Loss)	63,856	46,055	38.651	70,615	-9.571
Net Profit (Loss) after Zakat and Tax	60,741	40,117	51.409	83,814	-27.528
Total Comprehensive Income	60,741	40,117	51.409	82,756	-26.602
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)	1,988,762	2,023,656	-1.724
Profit (Loss) per Share	0.36	0.24
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The increase in net profit for current quarter compared to the same quarter of the previous year is attributable to higher sales volume at lower cost of sales per ton in addition to a decrease in finance expenses.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is	The decrease in net profit for current quarter compared to previous quarter is mainly attributable to the fact that there was a positive impact of finalizing zakat assessments of previous years on previous quarter results.
Statement of the type of external auditor's report	Unmodified conclusion
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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