Riyadh Cement Co. — Earnings Release 2023

Mar 18, 2024

Riyadh Cement Co. announces its Annual Financial results for the period ending on 2023-12-31

3092 · 18/03/2024 15:40:47 · Announcement #78781 · View on Saudi Exchange

Riyadh Cement Co. announces its Annual Financial results for the period ending on 2023-12-31

Element List	Current Year	Previous Year	%Change
Sales/Revenue	643,383,248	598,006,116	7.59
Gross Profit (Loss)	236,899,163	231,545,635	2.31
Operational Profit (Loss)	201,063,809	201,935,542	-0.43
Net profit (Loss)	188,772,499	189,839,971	-0.56
Total Comprehensive Income	190,582,081	193,105,477	-1.31
Total Share Holders Equity (After Deducting the Minority Equity)	1,679,767,821	1,675,185,740	0.27
Profit (Loss) per Share	1.57	1.58
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year	The main reason for the increase in revenues for the current period compared to the previous year is due to Increase sales quantity.
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The reason for the decrease in net profits is due to the increase in general and administrative expenses and Zakat expenses.
Statement of the type of external auditor's report	Unmodified opinion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)	N/A
Reclassification of Comparison Items	Some of the same last year period comparative figures were reclassified to comply with the current period comparative figures
Additional Information	-

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