Yanbu Cement Co. — Interim / Quarterly Report 2021

Apr 22, 2021

Yanbu Cement Co. announces its The condensed consolidated interim financial results for the Period Ending on 31-03-2021 (First Quarter)

3060 · 22/04/2021 15:29:10 · Announcement #62962 · View on Saudi Exchange

Yanbu Cement Co. announces its The condensed consolidated interim financial results for the Period Ending on 31-03-2021 (First Quarter)

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	292.4	277.4	5.407	265.3	10.214
Gross Profit (Loss)	81.23	111.05	-26.852	84.95	-4.379
Operational Profit (Loss)	68.58	97.8	-29.877	76.04	-9.81
Net Profit (Loss) after Zakat and Tax	73.39	92.23	-20.427	71.23	3.032
Total Comprehensive Income	73.39	92.23	-20.427	72.12	1.76
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (after Deducting Minority Equity)	3,069.3	3,364.03	-8.761
Profit (Loss) per Share	0.46	0.58
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 decalin in net profit during the current quarter compared to the same quarter of the previous year is due to: Despite the increase in revenues due to the increase in the quantity of sales, the decrease in the average selling price and the accompanying increase in the cost of sales led to a decrease in the net profit. The increase in other income, the decrease in general and administrative expenses, and the decrease in the zakat provision for the period helped in improving the net profit.
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 increase in net profit during the current quarter compared to the previous quarter is: The increase in other income.
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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