Saudi Cement Co. — Earnings Release 2016

Apr 18, 2016

Saudi Cement Company. announces the interim financial results for the period ending on 31-03-2016 (Three Months)

3030 · 18/04/2016 15:58:43 · Announcement #42145 · View on Saudi Exchange

Saudi Cement Company. announces the interim financial results for the period ending on 31-03-2016 (Three Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	265	303	-	176	50.57
Gross profit (loss)	296	339	-	280	5.71
Operational profit (loss)	274	310	-	185	48.11
Earning or loss per share, Riyals	1.73	1.98	-	-	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	decrease in sales and increase in Power Prices
Reasons of increase (decrease) for quarter compared with previous quarter	Increase in sales , decrease in general and administrative expenses and selling and distribution expenses, in addition to the impact of the last quarter results by impairment loss of kiln 4&5 at Hofuf Plant and share in net loss of associated companies
Other notes	Comparative previous quarter figures were re-computed based on previous year audited financial statements figures

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