Yanbu Cement Co. — Interim / Quarterly Report 2021

Jul 15, 2021

Yanbu cement co. announces the annual consolidated financial results for the period ended on 30-06-2021 (six months)

3060 · 15/07/2021 15:44:08 · Announcement #64215 · View on Saudi Exchange

Yanbu cement co. announces the annual consolidated financial results for the period ended on 30-06-2021 (six months)

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	242.69	156.93	54.648	292.4	-17
Gross Profit (Loss)	53.14	56.13	-5.326	81.23	-34.58
Operational Profit (Loss)	43.07	43.58	-1.17	68.58	-37.197
Net Profit (Loss) after Zakat and Tax	41.83	37.33	12.054	73.39	-43.003
Total Comprehensive Income	41.83	37.33	12.054	73.39	-43.003
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	535.09	434.33	23.198
Gross Profit (Loss)	134.37	167.18	-19.625
Operational Profit (Loss)	111.65	141.38	-21.028
Net Profit (Loss) after Zakat and Tax	115.23	129.56	-11.06
Total Comprehensive Income	115.23	129.56	-11.06
Total Share Holders Equity (after Deducting Minority Equity)	3,110.75	3,203.82	-2.904
Profit (Loss) per Share	0.73	0.82
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	Increase in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to: the decrease in the distribution and selling expenses and zakat provision, despite increase in cost of sold due to increase in Local And export sale, and decrease in selling prices.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is	Decrease in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to: the decrease in sales quantity as result of Ramadan and Eid Al-Fitr, moreover the cost of production also increases due to lower clinker and cement production.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	Decrease in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed to: the decrease in the average selling price of local sales and the increase in the cost of sold goods as result of decrease in clinker production, despite the increase in the sales quantity and the decrease in administrative, general and selling expenses.
Statement of the type of external auditor's report	Unmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion	N/A
Reclassification of Comparison Items	N/A

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