| Element | Current year | Previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
409,842,587
|
586,435,360
|
-30.11
|
| Earning or loss per share, Riyals |
4.55
|
6.52
|
-
|
| Gross profit (loss) |
446,871,370
|
629,679,192
|
-29.03
|
| Operational profit (loss) |
417,950,340
|
601,389,438
|
-30.5
|
*All figures are in Saudi Arabia, Riyals
| Element | EXPLAINATION |
|---|---|
| Reasons of annual financial results | Decline in sales value and volume driven by lower demand of cement, in addition to increase in cost of goods sold due to increase in power and fuel prices, despite increase in other income. |
| Reclassifications in annual financial results | Some corresponding figures of year 2015 have been reclassified to be in line with the corresponding figures of year 2016 |
| Other notes | Total Sales During current Year amounted 852,044,289 SAR againest amount of 1,023,897,119 SAR for Previous year with decrease 16.8%, Total shareholders equity (Minority interests are not available) amouted 1,796,651,990 SAR by end of Year 2016 aganiest amount of 1,883,589,403 SAR as of end of Year 2015 with decrease 4.62%. |
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