| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
11,217
|
61,338
|
-
|
15,013
|
-
|
| Gross profit (loss) |
27,565
|
84,986
|
-
|
32,706
|
-
|
| Operational profit (loss) |
17,413
|
72,286
|
-
|
22,045
|
-
|
| Earning or loss per share, Riyals |
0.07
|
0.36
|
-
|
-
|
-
|
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | Decrease in net profit is mainly attributable to lower average sale price and sales volume due to low cement demand because of slow down of construction activities and low production capacity utilization despite decrease in selling and distribution expenses and zakat expense and increase in other income. |
| Reasons of increase (decrease) for quarter compared with previous quarter | Decrease in net profit is mainly attributable to lower average sale price and low production capacity utilization in addition to an increase in zakat expense despite the decrease in selling and distribution expenses and increase in other income. |
| Reclassifications in quarterly financial results | Items, elements and notes of the comparatives Condensed Consolidated Interim Financial Statements have been redisplayed, regrouped and reclassified to meet with the applied accounting policies for the current period which have been prepared according to the International Financial Reporting Standards (IFRS) that are endorsed in the Kingdom of Saudi Arabia. |
| Other notes | Total net revenue during the current quarter reached to 111.4 million Saudi Riyals compared to 224.4 million Saudi Riyals for the same quarter of the previous year, decreasing by 50.35%. For the first quarter the Comprehensive Income reached SAR 11.22.0 million, an decrease of 81.71 % as compared to the corresponding quarter of the last year (SAR 61.34 million) and an decrease of 25.28 % as compared to the previous quarter (SAR 15.13 million). Total shareholders' equity amounted (There are no Minority Interests) as of the first quarter of this year to 2,072 million Saudi Riyals , compared to 2,100 million Saudi Riyals of the IFRS adjusted financial position as of the first quarter of the previous year, decreasing by 1.33%. |
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.