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Qassim Cement Co. — Earnings Release 2014
Feb 4, 2015
53348_rns_2015-02-04_291fec95-beb9-4fe0-895a-e4f8e4ec12e2.html
Earnings Release
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Qassim Cement Company announces its annual consolidated financial results ended 31/12/2014
3040 · 04/02/2015 16:20:02 · Announcement #37008 · View on Saudi Exchange
Qassim Cement Company announces its annual consolidated financial results ended 31/12/2014
| Element | Current year | Previous year | % Change |
|---|---|---|---|
| Net profit (loss) | 563,609,990 | 585,005,146 | -3.66 |
| Earning or loss per share, Riyals | 6.26 | 6.5 | - |
| Gross profit (loss) | 615,347,256 | 644,027,445 | -4.45 |
| Operational profit (loss) | 575,525,196 | 606,273,753 | -5.07 |
*All figures are in Saudi Arabia, Riyals
| Element | EXPLAINATION |
|---|---|
| Reasons of annual financial results | Decrease in the volume and value of sales driven by lower demand on cement. |
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.