QASSIM CEMENT COMPANY ANNOUNCES THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDING ON 30 SEPTEMBER 2019 (NINE MONTHS)

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	190,174,700	74,363,250	155.737	154,530,024	23.066
Gross Profit (Loss)	96,325,195	9,546,461	909.014	75,616,153	27.387
Operational Profit (Loss)	88,153,637	3,287,487	2,581.49	68,449,699	28.786
Net Profit (Loss) after Zakat and Tax	90,169,260	5,683,508	1,486.507	70,458,810	27.974
Total Comprehensive Income	90,169,260	5,683,508	1,486.507	70,458,810	27.974
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	498,104,061	310,325,496	60.51
Gross Profit (Loss)	236,763,939	94,190,844	151.366
Operational Profit (Loss)	213,741,702	73,499,575	190.806
Net Profit (Loss) after Zakat and Tax	216,643,503	81,238,506	166.675
Total Comprehensive Income	216,643,503	81,238,506	166.675
Total Share Holders Equity (after Deducting Minority Equity)	1,732,579,914	1,663,443,828	4.156
Profit (Loss) per Share	2.41	0.9
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Explanation
Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to	Increase in net income for current quarter compared with same quarter for last year due to the following:

1- Increase in sales, driven by increase in sales volume and increase in average selling price, which led to increase in general & admin expenses, increase in selling & marketing expenses and increase in zakat expense.

2- Increase in investment return and increase in other income, despite the increase in other expenses.Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to Increase in net income for current quarter compared with the previous quarter due to the increase in sales as a result of increase in sales volume.Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed to Increase in net income for current period compared with same period for last year due to the following:

2- Increase in investment return and increase in other income, despite the increase in other expenses.Basis of the External Auditor's Opinion Unmodified opinionReclassification of Comparison Items Some comparative figures have been reclassified to tally with the current presentation.

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