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Saudi Cement Co. — Earnings Release 2014
Feb 11, 2015
53347_rns_2015-02-11_03d1d3b3-e524-4042-b059-39116020952d.html
Earnings Release
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Saudi Cement Company. announces the annual financial results for the period ending on 31-12-2014
3030 · 11/02/2015 15:41:21 · Announcement #37084 · View on Saudi Exchange
Saudi Cement Company. announces the annual financial results for the period ending on 31-12-2014
| Element | Current year | Previous year | % Change |
|---|---|---|---|
| Net profit (loss) | 1,074 | 1,124 | -4.45 |
| Earning or loss per share, Riyals | 7.02 | 7.35 | - |
| Gross profit (loss) | 1,229 | 1,284 | -4.28 |
| Operational profit (loss) | 1,123 | 1,186 | -5.31 |
*All figures are in (Millions) Saudi Arabia, Riyals
| Element | EXPLAINATION |
|---|---|
| Reasons of annual financial results | Decrease in cement sales due to decline in local demand in addition to increase in selling and distribution expenses |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.