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Saudi Cement Co. — Earnings Release 2021
Feb 27, 2022
53347_rns_2022-02-27_3522c136-2a79-4b2b-92a8-c3f3b7c1bbb3.html
Earnings Release
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Saudi Cement Co. announces its Annual Financial Results for the Period Ending on 2021-12-31
3030 · 27/02/2022 08:01:43 · Announcement #66841 · View on Saudi Exchange
Saudi Cement Co. announces its Annual Financial Results for the Period Ending on 2021-12-31
| Element List | Current Year | Previous Year | %Change |
|---|---|---|---|
| Sales/Revenue | 1,409.6 | 1,569.6 | -10.193 |
| Gross Profit (Loss) | 530.4 | 666.4 | -20.408 |
| Operational Profit (Loss) | 344.3 | 479.1 | -28.136 |
| Net Profit (Loss) after Zakat and Tax | 331.9 | 456 | -27.214 |
| Total Comprehensive Income | 319.9 | 457.9 | -30.137 |
| Total Share Holders Equity (after Deducting Minority Equity) | 2,433.3 | 2,652.1 | -8.25 |
| Profit (Loss) per Share | 2.17 | 2.98 | |
| All figures are in (Millions) Saudi Arabia, Riyals |
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The reason for the decrease of current year net profit compared with last year is attributed to the decrease in sales revenues because of the decrease in local selling prices in spite of the increase in local sold quantities, the increase in share in net results of associates, the increase in other income and the decrease in financial charges. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified in order to conform current year presentation. |
| Additional Information | None |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.