Qassim Cement Co. — Earnings Release 2016

Jan 26, 2017

Qassim Cement Co. announces the annual financial results for the period ending on 31-12-2016

3040 · 26/01/2017 08:01:34 · Announcement #45321 · View on Saudi Exchange

Qassim Cement Co. announces the annual financial results for the period ending on 31-12-2016

Element	Current year	Previous year	% Change
Net profit (loss)	409,842,587	586,435,360	-30.11
Earning or loss per share, Riyals	4.55	6.52	-
Gross profit (loss)	446,871,370	629,679,192	-29.03
Operational profit (loss)	417,950,340	601,389,438	-30.5

*All figures are in Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of annual financial results	Decline in sales value and volume driven by lower demand of cement, in addition to increase in cost of goods sold due to increase in power and fuel prices, despite increase in other income.
Reclassifications in annual financial results	Some corresponding figures of year 2015 have been reclassified to be in line with the corresponding figures of year 2016
Other notes	Total Sales During current Year amounted 852,044,289 SAR againest amount of 1,023,897,119 SAR for Previous year with decrease 16.8%, Total shareholders equity (Minority interests are not available) amouted 1,796,651,990 SAR by end of Year 2016 aganiest amount of 1,883,589,403 SAR as of end of Year 2015 with decrease 4.62%.

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.