3010 · 23/02/2023 15:44:07 · Announcement #72118 · View on Saudi Exchange

Arabian Cement Co. announces its Annual Financial Results for the Period Ending on 2022-12-31

Element ListCurrent YearPrevious Year%Change
Sales/Revenue 970.91,033.2-6.03
Gross Profit (Loss) 274.6308.9-11.1
Operational Profit (Loss) 193.4195.2-0.92
Net Profit (Loss) after Zakat and Tax 181161.512.07
Total Comprehensive Income 145.6126.914.74
Total Share Holders Equity (after Deducting Minority Equity) 2,635.32,749.7-4.16
Profit (Loss) per Share 1.811.62
All figures are in (Millions) Saudi Arabia, Riyals
Element ListExplanation
The reason of the increase (decrease) in the net profit during the current year compared to the last year is The reasons for the increase in net profit of the current period compared to the same period of the previous year are mainly: increase in share of profit of associate companies, increase in other income, decrease in finance costs, decrease in zakat and income tax provision, despite the decrease in sales volume and value for the parent company due to lower export sales volume in addition to the decrease in sales volume and value for the subsidiary in Jordan
Statement of the type of external auditor's report Unmodified opinion
Reclassification of Comparison Items Some comparative figures have been reclassified to tally with the current presentation.

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