Saudi Cement Co. — Interim / Quarterly Report 2021

Aug 10, 2021

Saudi Cement Co. announces its Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months )

3030 · 10/08/2021 08:05:09 · Announcement #64449 · View on Saudi Exchange

Saudi Cement Co. announces its Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	348.1	297.5	17.008	429.1	-18.876
Gross Profit (Loss)	138.7	123.7	12.126	173.6	-20.103
Operational Profit (Loss)	91.9	82.9	10.856	124.7	-26.303
Net Profit (Loss) after Zakat and Tax	86.4	75.7	14.134	119.4	-27.638
Total Comprehensive Income	86.9	75.7	14.795	119.4	-27.219
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	777.2	747.8	3.931
Gross Profit (Loss)	312.3	326.4	-4.319
Operational Profit (Loss)	216.6	240.7	-10.012
Net Profit (Loss) after Zakat and Tax	205.8	224.2	-8.206
Total Comprehensive Income	206.4	224.2	-7.939
Total Share Holders Equity (after Deducting Minority Equity)	2,318.2	2,418.3	-4.139
Profit (Loss) per Share	1.35	1.47
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The reason for the increase of current quarter net profit compared with the same quarter of last year is attributed to the increase in sales, increase in share in net results of associates and decrease in financial charges, in spite of the increase in general and administrative expenses, the increase in selling and distribution expenses and the decrease in other revenues.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is	The reason for the decrease of current quarter net profit compared with previous quarter is attributed to the decrease in sales due to Ramadan season and Eid Al-Fitr and the increase in financial charges, in spite of the decrease in selling and distribution expenses, the increase in share in net results of associate and the increase in other revenues.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The reason for the decrease of current period net profit compared with the same period of last year is attributed to the decrease in selling prices, the increase in selling and distribution expenses and the decrease in other revenues, in spite of the increase in the sold quantities, the increase in share in net results of associates and the decrease in financial charges.
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	N/A
Additional Information	The company would like to clarify that the figures of net profit after zakat and tax and total comprehensive income for the same quarter of the previous year and the same period of the previous year have been adjusted to include net profit after zakat and tax and total comprehensive income attributable to the shareholders of the parent company, instead of the figures of net profit after zakat and The tax and the total comprehensive income announced during the company’s announcement of the preliminary financial results for the period ending on 06-30-2020, which represents the net profit after zakat and tax and the total comprehensive income of the group (i.e. including the return to non-controlling interests)

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.