3002 · 31/07/2023 15:42:42 · Announcement #75059 · View on Saudi Exchange

Najran Cement Company announces the interim financial results for the period ending on 2023-06-30 (Six Months)

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 101,298108,051-6.25143,683-29.5
Gross Profit (Loss) 25,46130,802-17.3445,319-43.82
Operational Profit (Loss) 13,92316,705-16.6535,215-60.46
Net Profit (Loss) after Zakat and Tax 7,36413,258-44.4628,981-74.59
Total Comprehensive Income 7,36413,258-44.4628,981-74.59
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 244,980247,916-1.18
Gross Profit (Loss) 70,77969,1122.41
Operational Profit (Loss) 49,13742,83214.72
Net Profit (Loss) after Zakat and Tax 36,34436,543-0.54
Total Comprehensive Income 36,34436,543-0.54
Total Share Holders Equity (after Deducting Minority Equity) 1,987,1501,959,8661.39
Profit (Loss) per Share 0.210.21
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListExplanation
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 of the decrease in the net profit during the current quarter compared to the same quarter of the last year is a decline in sales, an increase in financing cost, despite the decrease in selling and distribution expenses.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is The reason of the decrease in the net profit during the current quarter compared to the previous quarter of the current year is a decline in sales due to Ramadan season and Eid Al Fitr and Eid Adha holidays, in addition to an increase in general and administrative expense and financing cost.
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 of the minor decrease in the net profit during the current period compared to the same period of the last year is an increase in financing cost, which was offset by a decrease in selling and distribution expenses and a decrease in cost of sales.
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 Unmodified opinion
Reclassification of Comparison Items None

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