Riyadh Cement Co. — Earnings Release 2021

Mar 29, 2022

Riyadh Cement Co. announces its Annual Financial Results for the Period Ending on 2021-12-31

3092 · 29/03/2022 15:49:37 · Announcement #67384 · View on Saudi Exchange

Riyadh Cement Co. announces its Annual Financial Results for the Period Ending on 2021-12-31

Element List	Current Year	Previous Year	%Change
Sales/Revenue	671,065,997	590,290,688	13.683
Gross Profit (Loss)	264,217,687	254,095,699	3.983
Operational Profit (Loss)	230,970,790	228,020,820	1.293
Net Profit (Loss) after Zakat and Tax	211,649,378	219,953,200	-3.775
Total Comprehensive Income	214,488,310	220,861,887	-2.885
Total Share Holders Equity (after Deducting Minority Equity)	1,671,186,514	1,696,698,204	-1.503
Profit (Loss) per Share	1.76	1.83
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The reason for decrease in net profit is increase of general and administrative expenses and increase of Zakat expenses for the year compared to the previous year, despite increase of sales value.
Statement of the type of external auditor's report	Unmodified opinion
Reclassification of Comparison Items	N/A
Additional Information	Some items of the statement of financial position and Condensed statement of changes in equity have been restated on December 31, 2020. For more information on this you can refer to Note No. 34 in the notes of the financial statement of year 2021 (Audited).

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