Najran Cement Co. — Earnings Release 2020

Feb 23, 2021

Najran Cement Company announces the annual financial results for the period ending on 2020-12-31

3002 · 23/02/2021 15:39:03 · Announcement #61995 · View on Saudi Exchange

Najran Cement Company announces the annual financial results for the period ending on 2020-12-31

Element List	Current Year	Previous Year	%Change
Sales/Revenue	623,197	416,406	49.66
Gross Profit (Loss)	249,918	119,214	109.638
Operational Profit (Loss)	208,635	85,318	144.538
Net Profit (Loss) after Zakat and Tax	204,300	53,515	281.762
Total Comprehensive Income	203,242	52,911	284.12
Total Share Holders Equity (after Deducting Minority Equity)	2,055,921	1,983,539	3.649
Profit (Loss) per Share	1.2	0.31
All figures are in (Thousands) 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 increase in net profit for current year compared to last year is attributable to the increase in sales volume, a decrease in cost of sales per ton, and a decrease in finance expenses, in addition to the positive impact of finalizing zakat assessments for the years 2014 to 2018 leading to a revision of zakat provisions for those years.
Statement of the type of external auditor's report	Unmodified opinion
Reclassification of Comparison Items	Certain comparative figures have been reclassified in order to conform with current year presentation.

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