QASSIM CEMENT COMPANY ANNOUNCES THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDING ON 30 SEPTEMBER 2020 (NINE MONTHS)

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	231,575,724	190,174,700	21.769	167,435,139	38.307
Gross Profit (Loss)	120,652,615	96,325,195	25.255	90,888,226	32.748
Operational Profit (Loss)	111,547,742	88,153,637	26.537	82,355,186	35.447
Net Profit (Loss) after Zakat and Tax	110,109,144	90,169,260	22.113	85,470,047	28.827
Total Comprehensive Income	110,109,144	90,169,260	22.113	85,470,047	28.827
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	660,756,917	498,104,061	32.654
Gross Profit (Loss)	364,378,377	236,763,939	53.899
Operational Profit (Loss)	323,122,421	213,741,702	51.174
Net Profit (Loss) after Zakat and Tax	306,747,295	216,643,503	41.59
Total Comprehensive Income	306,747,295	216,643,503	41.59
Total Share Holders Equity (after Deducting Minority Equity)	1,811,894,881	1,732,579,914	4.577
Profit (Loss) per Share	3.41	2.41
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	The increase in net income during the current quarter compared with same quarter for last year due to the following:

- The increase in sales driven by the increase in dispatch volume and the improvement in average selling price.

- The increase in financial investments return.Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to The increase in net income during the current quarter compared with the previous quarter due to the following:

- The increase in sales as a result of the increase in sales volume due to absence of seasonal conditions affect (the holy month of Ramadan and Eid Al-Fitr) during the current quarter. Despite of the decrease in the average selling price.

- the increase in financial investment returns.Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed to The increase in the net income during current period compared with the same period for previous year due to the following:

- The increase in sales driven by the increase in sales volume and the improvement in average selling price.

- The increase in the net other income / other expenses.

Despite the increase in general & administrative expenses, and the increase in selling & marketing expenses, and the decrease in financial investments returns.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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