Saudi Cement Co. — Earnings Release 2016

Feb 15, 2017

Saudi Cement Company announces the annual financial results for the year ending on 31-12-2016

3030 · 15/02/2017 08:57:26 · Announcement #45593 · View on Saudi Exchange

Saudi Cement Company announces the annual financial results for the year ending on 31-12-2016

Element	Current year	Previous year	% Change
Net profit (loss)	902	940	-4.04
Earning or loss per share, Riyals	5.89	6.15	-
Gross profit (loss)	1,029	1,136	-9.42
Operational profit (loss)	933	964	-3.22

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

Element	EXPLAINATION
Reasons of annual financial results	decrease in sales, increase in Cost of sales due to increase in Power Prices, Decrease in other Income and increase in Islamic Financing Charges.
Reclassifications in annual financial results	certain of the last year amounts have been reclassified to conform with the presentation in the current year.
Other notes	Total sales for the current year was SR 1,778 Million compared with SR 1,932 Million for last year, a decrease of 8%. Total Shareholder Equity ( no Minority Interest) for current year was SR 3,275 Million compared with SR 3,256 Million for last year, increase of 0.6%.

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