Najran Cement Co. — Interim / Quarterly Report 2021

Aug 4, 2021

Najran Cement Company announces the interim financial results for the period ending on 30-06-2021 (Six Months)

3002 · 04/08/2021 08:06:07 · Announcement #64359 · View on Saudi Exchange

Najran Cement Company announces the interim financial results for the period ending on 30-06-2021 (Six Months)

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	131,578	121,453	8.336	184,431	-28.657
Gross Profit (Loss)	46,659	50,326	-7.286	75,390	-38.109
Operational Profit (Loss)	35,051	40,399	-13.237	63,856	-45.109
Net Profit (Loss) after Zakat and Tax	32,711	32,960	-0.755	60,741	-46.146
Total Comprehensive Income	32,711	32,960	-0.755	60,741	-46.146
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	316,009	277,833	13.74
Gross Profit (Loss)	122,049	106,756	14.325
Operational Profit (Loss)	98,907	86,453	14.405
Net Profit (Loss) after Zakat and Tax	93,452	73,076	27.883
Total Comprehensive Income	93,452	73,076	27.883
Total Share Holders Equity (after Deducting Minority Equity)	2,021,873	2,056,619	-1.689
Profit (Loss) per Share	0.55	0.43
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 decrease in net profit for current quarter compared to same quarter of the previous year is attributable to the increase in cost of sales per ton despite the increase in sales and the 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 attributable to cyclical trend of lower cement demand due to Ramadan season and Eid Al Fitr.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The increase in net profit for current year compared to last year is attributable to higher sales and lower finance expenses.
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	None

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