Saudi Cement Co. — Earnings Release 2015

Feb 17, 2016

Saudi Cement Company announces the annual financial results for the period ending on 31-12-2015

3030 · 17/02/2016 08:01:32 · Announcement #41220 · View on Saudi Exchange

Saudi Cement Company announces the annual financial results for the period ending on 31-12-2015

Element	Current year	Previous year	% Change
Net profit (loss)	940	1,074	-12.48
Earning or loss per share, Riyals	6.15	7.02	-
Gross profit (loss)	1,136	1,229	-7.57
Operational profit (loss)	964	1,123	-14.16

*All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of annual financial results	Decrease of local sales and impairment loss of kilns 4 and 5 at Hofuf plant which was previously announced on Tadawul on 29-12-2015
Reclassifications in annual financial results	Some last year 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 was changed by excluding deduction of financial charges and zakat from income from main operations

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