Saudi Cement Co. — Earnings Release 2015

Jan 17, 2016

Saudi Cement Company. announces the interim financial results for the period ending on 31-12-2015 (Twelve Months)

3030 · 17/01/2016 08:27:54 · Announcement #40770 · View on Saudi Exchange

Saudi Cement Company. announces the interim financial results for the period ending on 31-12-2015 (Twelve Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	180	268	-	208	-
Gross profit (loss)	280	316	-	233	20.17
Operational profit (loss)	185	287	-	210	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	Current period	Similar period for previous year	% Change
Net profit (loss)	944	1,074	-
Gross profit (loss)	1,136	1,229	-
Operational profit (loss)	964	1,123	-
Earning or loss per share, Riyals	6.17	7.02	-
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 and impairment loss of kilns 4 and 5 at Hofuf plant which was previously announced on Tadawul on 29-12-2015
Reasons of increase (decrease) for period compared with same period last year	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
Reasons of increase (decrease) for quarter compared with previous quarter	Impairment loss of kilns 4 and 5 at Hofuf plant which was previously announced on Tadawul on 29-12-2015 in addition to increase in general and administrative expenses and decrease in other income
Reclassifications in quarterly 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 has been changed by excluding deduction of financial charges and zakat from income from main operations

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