Najran Cement Co. — Interim / Quarterly Report 2019

Jul 28, 2019

Najran Cement Company announces the interim financial results for the period ending on 2019-06-30 (Six Months)

3002 · 28/07/2019 15:55:26 · Announcement #55691 · View on Saudi Exchange

Najran Cement Company announces the interim financial results for the period ending on 2019-06-30 (Six Months)

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	76,263	55,313	37.875	106,500	-28.391
Total Profit (Loss)	14,276	-13,479	-	22,614	-36.87
Profit (Loss) Operational	5,609	-22,906	-	14,039	-60.047
Net Profit (Loss) after Zakat and Tax	-2,592	-31,732	-91.831	6,056	-
Total Comprehensive Income	-2,592	-31,732	-91.831	6,056	-
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	182,763	152,339	19.971
Total Profit (Loss)	36,890	-3,778	-
Profit (Loss) Operational	19,648	-23,587	-
Net Profit (Loss) after Zakat and Tax	3,465	-41,909	-
Total Comprehensive Income	3,465	-41,909	-
Total Share Holders Equity (after deducting minority equity)	1,937	1,934	0.155
Profit (Loss) per Share	0.02	-0.25
All figures are in (Thousands) Saudi Arabia, Riyals

	Accumulated Losses	Capital	Percentage %
	0	1,700,000,000	0

Element List	Explanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year	Decrease in net loss compared to the net loss of the same quarter of the previous year is mainly attributable to higher sales volumes and price, in addition to a decrease in production cost per ton.
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter	Net loss of current quarter compared to the net profit for the previous quarter is mainly attributable to the decrease in sales volume due to Ramadan.
Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year	The reason for making a net profit in current period compared to making a net loss in similar period of the previous year is mainly attributable to the increase in sales volume and price, in addition to a decrease in production cost per ton and decrease in the G&A expenses.
Type of the external auditor's opinion	Unmodified opinion
External auditor's report containing reservation	Not applicable
Reclassifications in quarter financial result	Some comparative figures have been reclassified

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