3010 · 16/07/2014 16:14:40 · Announcement #35137 · View on Saudi Exchange

Arabian Cement Company announces its interim consolidated financial results for the period ended 30/06/2014 (six months)

Element Current quarter Similar quarter for previous year % Change current Previous quarter % Change previous
Net profit (loss)
199.8
124.7
60.22
167.1
19.57
Gross profit (loss)
227.7
144.8
57.25
177.4
28.35
Operational profit (loss)
212.9
119.4
78.31
166
28.25
All figures are in (Millions) Saudi Arabia, Riyals
Element Current period Similar period for previous year % Change
Net profit (loss)
366.9
281.9
30.15
Gross profit (loss)
405.2
313.8
29.13
Operational profit (loss)
379
277.8
36.43
Earning or loss per share, Riyals
3.67
2.82
-
All figures are in (Millions) Saudi Arabia, Riyals
Element EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year a) Increase in sales revenue amounted to SR 481m this quarter compared to SR 373m for the same quarter previous year ( growth of 29% ) b) Subsidiary company performance improvement
Reasons of increase (decrease) for period compared with same period last year a) Increase in sales revenue amounted to SR 903m this period compared to SR 726m for the same period previous year ( growth of 24% ) b) Subsidiary company performance improvement
Reasons of increase (decrease) for quarter compared with previous quarter Increase in sales revenue amounted to SR 481m this quarter compared to SR 422m for previous quarter ( growth of 14% )
Reclassifications in quarterly financial results The company had restated the consolidated financial statements presentation of some items for the period ended 30/06/2013 to be consistent with that used for the same period this year
Other notes The company had restated the earnings per share presentation for the current period and with retroactive effect ( same period previous year ) based on the new number of common shares outstanding (100 million) post the capital increase on 1 April 2014 through 4:1 stock dividends, this treatment is in accordance with the regulating accounting standards

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