Saudi Cement Co. — Earnings Release 2015

Jul 13, 2015

Saudi Cement Company. announces the interim financial results for the period ending on 30-06-2015 (Six Months)

3030 · 13/07/2015 15:57:24 · Announcement #39212 · View on Saudi Exchange

Saudi Cement Company. announces the interim financial results for the period ending on 30-06-2015 (Six Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	254	288	-	303	-
Gross profit (loss)	284	323	-	339	-
Operational profit (loss)	258	296	-	310	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	Current period	Similar period for previous year	% Change
Net profit (loss)	557	574	-
Gross profit (loss)	623	649	-
Operational profit (loss)	569	599	-
Earning or loss per share, Riyals	3.64	3.75	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	Decrease of local sales
Reasons of increase (decrease) for period compared with same period last year	Decrease of local sales besides increase in admin and general expenses due to disbursement of annual charitable donations on the occassion of holy month of Ramadan during first half of current year instead of second half of previuos year as well as disbursement of two months salary in response to the generous royal grant.
Reasons of increase (decrease) for quarter compared with previous quarter	Decrease of local sales
Reclassifications in quarterly financial results	some prior period and quarter comparatives have been reclassified to confirm with the presentation of current period and quarter.
Other notes	Computation of earnings per share from main operations has been changed by excluding deduction of financial charges and zakat from income from main operations

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