Saudi Cement Co. — Earnings Release 2022

Mar 16, 2023

Saudi Cement Company announces its annual financial results for the yead ended 31-12-2022

3030 · 16/03/2023 08:01:09 · Announcement #72410 · View on Saudi Exchange

Saudi Cement Company announces its annual financial results for the yead ended 31-12-2022

Element List	Current Year	Previous Year	%Change
Sales/Revenue	1,419.8	1,409.6	0.72
Gross Profit (Loss)	568.9	530.4	7.26
Operational Profit (Loss)	403.9	344.3	17.31
Net Profit (Loss) after Zakat and Tax	398.8	331.9	20.16
Total Comprehensive Income	395.2	319.9	23.54
Total Share Holders Equity (after Deducting Minority Equity)	2,293	2,433.3	-5.76
Profit (Loss) per Share	2.61	2.17
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 increase of current year net profit compared with last year is attributed to the increase in sales revenue due to the increase in average selling prices in spite of the decrease in quantity sold, in addition to the decrease in selling and distribution expenses, decrease in zakat expense and increase in share of profit of investment in an associate , in spite of the increase in financial charges and increase in general and administrative expenses.
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.

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