Qassim Cement Co. — Earnings Release 2015

Jan 26, 2016

The Qassim Cement Co announces the annual financial results for the period ending on 31-12-2015

3040 · 26/01/2016 08:00:26 · Announcement #41024 · View on Saudi Exchange

The Qassim Cement Co announces the annual financial results for the period ending on 31-12-2015

Element	Current year	Previous year	% Change
Net profit (loss)	586,435,360	563,609,990	4.05
Earning or loss per share, Riyals	6.52	6.26	-
Gross profit (loss)	629,679,192	615,347,256	2.33
Operational profit (loss)	601,389,438	575,525,196	4.49

*All figures are in Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of annual financial results	Higher sales volume and value,drop in general and administrative expenses , and higher other income, despite higher zakat expense
Reclassifications in annual financial results	Some corresponding figures for the year 2014 have been reclassified to be aligned with the presentation of the year 2015

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