Qassim Cement Co. — Earnings Release 2019

Feb 2, 2020

QASSIM CEMENT COMPANY ANNOUNCES THE ANNUAL FINANCIAL RESULTSENDING ON 31 DECEMBER 2019

3040 · 02/02/2020 09:54:06 · Announcement #57442 · View on Saudi Exchange

QASSIM CEMENT COMPANY ANNOUNCES THE ANNUAL FINANCIAL RESULTSENDING ON 31 DECEMBER 2019

Element List	Current Year	Previous Year	%Change
Sales/Revenue	791,793,487	425,729,461	85.985
Gross Profit (Loss)	426,442,943	140,351,671	203.838
Operational Profit (Loss)	379,988,873	111,883,681	239.628
Net Profit (Loss) after Zakat and Tax	360,735,095	120,798,213	198.626
Total Comprehensive Income	358,211,175	122,731,089	191.866
Total Share Holders Equity (after Deducting Minority Equity)	1,784,147,586	1,637,436,411	8.959
Profit (Loss) per Share	4.01	1.34
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Explanation
Increase (Decrease) in Net Profit for Current Year Compared to Last Year is Attributed to	Increase in net income for current period compared with same period for last year due to the following:

1- The increase in sales as a result of the increase in the amount of sales and the increase in the average selling price in addition to the sales return & allowances that were reversed at the end of the year, which led to an increase in general and administrative expenses, an increase in selling and marketing expenses, and an increase in Zakat expenses.

2- Increase in investment return and increase in other income, despite the increase in other expenses. Basis of the External Auditor's Opinion Unmodified opinion Reclassification of Comparison Items Some comparative figures have been reclassified to tally with the current presentation.

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