3040 · 04/02/2021 08:18:26 · Announcement #61838 · View on Saudi Exchange

QASSIM CEMENT COMPANY ANNOUNCES THE ANNUAL FINANCIAL RESULTS ENDING ON 31 DECEMBER 2020

Element ListCurrent YearPrevious Year%Change
Sales/Revenue 898,421,860791,793,48713.466
Gross Profit (Loss) 473,231,071426,442,94310.971
Operational Profit (Loss) 422,278,333379,988,87311.129
Net Profit (Loss) after Zakat and Tax 419,835,123360,735,09516.383
Total Comprehensive Income 416,440,643358,211,17516.255
Total Share Holders Equity (after Deducting Minority Equity) 1,809,088,2291,784,147,5861.397
Profit (Loss) per Share 4.664.01
All figures are in (Actual) 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 Increase in net income for current period compared with same period for last year due to the increase in the sales quantity and value, the decrease in selling and marketing expenses and the increase in other revenues in addition to the absence of other expenses during the current year, despite the increase in the cost of sales, the increase in general and administrative expenses and the increase in zakat expense.
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.

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.