Saudi Cement Co. — Interim / Quarterly Report 2013

Jan 14, 2014

Saudi Cement Company. announces the interim financial results for the period ending on 31-12-2013 (Twelve Months)

3030 · 14/01/2014 16:47:50 · Announcement #32857 · View on Saudi Exchange

Saudi Cement Company. announces the interim financial results for the period ending on 31-12-2013 (Twelve Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	256	278	-	229	11.79
Gross profit (loss)	310	322	-	260	19.23
Operational profit (loss)	282	301	-	238	18.49
All figures are in (Millions) Saudi Arabia, Riyals

Element	Current period	Similar period for previous year	% Change
Net profit (loss)	1,132	1,102	2.72
Gross profit (loss)	1,284	1,229	4.48
Operational profit (loss)	1,186	1,142	3.85
Earning or loss per share, Riyals	7.4	7.2	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	Decrease in sales quantities during the quarter, the high cost of cement sold from imported clinker, and share of a related company's pre-operating losses after taking into consideration increased operating efficiency
Reasons of increase (decrease) for period compared with same period last year	Increase in operating efficiency after taking into consideration the high cost of cement sold from imported clinker, and share of a related company's pre-operating losses
Reasons of increase (decrease) for quarter compared with previous quarter	Increase in sales and rise in operating efficiency after taking into consideration the high cost of cement sold from imported clinker, and share of a related company's pre-operating losses

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.