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Najran Cement Co. — Earnings Release 2021
Feb 28, 2022
53339_rns_2022-02-28_178f6d3c-d53b-4375-a950-ae9e06f64447.html
Earnings Release
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Najran Cement Company announces the annual financial results for the period ending on 31-12-2021
3002 · 28/02/2022 08:04:10 · Announcement #66877 · View on Saudi Exchange
Najran Cement Company announces the annual financial results for the period ending on 31-12-2021
| Element List | Current Year | Previous Year | %Change |
|---|---|---|---|
| Sales/Revenue | 581,553 | 623,197 | -6.682 |
| Gross Profit (Loss) | 230,319 | 249,918 | -7.842 |
| Operational Profit (Loss) | 180,942 | 205,275 | -11.853 |
| Net Profit (Loss) after Zakat and Tax | 165,546 | 200,940 | -17.614 |
| Total Comprehensive Income | 164,902 | 199,882 | -17.5 |
| Total Share Holders Equity (after Deducting Minority Equity) | 1,965,823 | 2,055,921 | -4.382 |
| Profit (Loss) per Share | 0.97 | 1.18 | |
| 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 decrease in net profit for current year compared to last year is due to a decline in sales, in addition to recording a positive adjustment to last year's zakat provision, despite a decrease in finance expenses in current year. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified which led to a revision of last year net income from 203.2 million to 200.9 million with no impact on total shareholder equity. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.