1.Qassim Cement Company posted a consolidated net profit of SAR 144,650,931 for the second quarter of 2011 compared to SAR 135,762,374 for the same quarter of previous year, which shows an increase of 6.55% and showing a decrease of 1.72% against the posted net profit of SAR 147,176,466 during the previous first quarter of the current year 2011
2.The consolidated gross profit during the second quarter is SAR 154,911,440 compared to SAR 149,523,243 for the corresponding period last year, which shows an increase of 3.6%
3.The Consolidated operating profit during the second quarter is SAR 145,599,473 compared to SAR 141,065,833 for the corresponding quarter last year, which shows an increase of 3.21%
4.The consolidated net profit in six months was posted at SAR 291,827,397 compared to SAR 280,989,122 for the same period of the previous year which shows an increase of 3.86%.
5.The Earnings per share (EPS) for the six months amounted to SAR 3.24 against SAR 3.12 for the same period of the previous year
6.The consolidated gross profit during the six months was posted at SAR 317,608,033 compared to SAR 306,314,024 for the same period last year, which shows an increase of 3.69%
7.The consolidated operating profit during the six months was posted at SAR 297,286,810 compared to SAR 288,520,593 for the same period of the previous year, showing an increase by 3.04%
8.The reason for the rise in net profit over the same period last year was due to higher Sales amount and improved operating performance of the subsidiary company, while the decrease in the second quarter's net profit compared to the first quarter is attributable to mostly occurrence of periodic maintenance during the second quarter which led to increase in cost and decline in the net profit.
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.