Saudi Cement Co. — Earnings Release 2014

Jul 14, 2014

Saudi Cement Company. announces the interim financial results for the period ending on 30-06-2014 (Six Months)

3030 · 14/07/2014 16:29:15 · Announcement #35094 · View on Saudi Exchange

Saudi Cement Company. announces the interim financial results for the period ending on 30-06-2014 (Six Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	288	307	-	286	0.7
Gross profit (loss)	323	340	-	326	-
Operational profit (loss)	296	316	-	304	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	Current period	Similar period for previous year	% Change
Net profit (loss)	574	647	-
Gross profit (loss)	649	714	-
Operational profit (loss)	599	667	-
Earning or loss per share, Riyals	3.75	4.23	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	Decrease in cement sales due to decline in local demand
Reasons of increase (decrease) for period compared with same period last year	Decrease in cement sales due to decline in local demand and also share of an associated company's loss due to impairment of some of its assets
Reasons of increase (decrease) for quarter compared with previous quarter	increase in share of an associated company's profit.

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