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Saudi Cement Co. — Earnings Release 2014
Jan 14, 2015
53347_rns_2015-01-14_0de70083-2f73-42af-bf07-a77412dfc1bb.html
Earnings Release
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Saudi Cement Company. announces the interim financial results for the period ending on 31-12-2014 (Twelve Months)
3030 · 14/01/2015 16:26:57 · Announcement #36650 · View on Saudi Exchange
Saudi Cement Company. announces the interim financial results for the period ending on 31-12-2014 (Twelve Months)
| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) | 269 | 247 | 8.91 | 232 | 15.95 |
| Gross profit (loss) | 316 | 310 | 1.94 | 264 | 19.7 |
| Operational profit (loss) | 287 | 282 | 1.77 | 237 | 21.1 |
| All figures are in (Millions) Saudi Arabia, Riyals |
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) | 1,075 | 1,124 | - |
| Gross profit (loss) | 1,229 | 1,284 | - |
| Operational profit (loss) | 1,123 | 1,186 | - |
| Earning or loss per share, Riyals | 7.03 | 7.35 | - |
| All figures are in (Millions) Saudi Arabia, Riyals |
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | Increased cement sales due to improvement in local demand in addition to increase in share of associated companies' profits and decline in Zakat expenses |
| Reasons of increase (decrease) for period compared with same period last year | Decrease in cement sales due to decline in local demand in addition to increase in selling and distribution expenses |
| Reasons of increase (decrease) for quarter compared with previous quarter | Increased cement sales due to seasonal improvement in local demand |
| Other notes | Comparative quarter and period figures of last year are re-calculated based on final audited figures of last year |
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