Najran Cement Company announces the interim financial results for the period ending on 2023-09-30 (Nine Months)

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	113,843	127,689	-10.84	101,298	12.38
Gross Profit (Loss)	32,368	41,367	-21.75	25,461	27.13
Operational Profit (Loss)	20,887	30,917	-32.44	13,923	50.02
Net Profit (Loss) after Zakat and Tax	14,018	27,877	-49.71	7,364	90.36
Total Comprehensive Income	14,018	27,877	-49.71	7,364	90.36
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	358,823	375,605	-4.47
Gross Profit (Loss)	103,147	105,986	-2.68
Operational Profit (Loss)	70,024	73,749	-5.05
Net Profit (Loss) after Zakat and Tax	50,361	64,420	-21.82
Total Comprehensive Income	50,361	64,420	-21.82
Total Share Holders Equity (after Deducting Minority Equity)	1,998,328	1,984,904	0.68
Profit (Loss) per Share	0.3	0.38
All figures are in (Thousands) 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 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 and an increase in financing cost.
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 increase in the net profit during the current quarter compared to the previous quarter of the current year is an increase in sales quantity and a decrease in cost of sales per ton.
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 decrease in the net profit during the current period compared to the same period of the last year is an increase in financing cost and a decline in sales quantity.
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	Not applicable
Reclassification of Comparison Items	Some comparative figures have been reclassified according to the explanation below.
Additional Information	In accordance with IAS 8, the company changed the expected life of some intangible assets, and accordingly, the opening balance as of January 1, 2022 for intangible assets and the balance of retained earnings was reduced by 2.8 million riyals, which relates to previous periods, as shown in Note No. 21 of the current period financial statements.

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.