Tabuk Cement Co. announces its interim Financial results for the period ending on 30-06-2019 ( Six Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	61.15	41.27	48.17	52.77	15.88
Total Profit (Loss)	13.15	-3.53	-	12.83	2.494
Profit (Loss) Operational	11.07	-28.31	-	8	38.375
Net Profit (Loss) after Zakat and Tax	8.98	-36.08	-	3.63	147.382
Total Comprehensive Income	8.98	-36.08	-	3.63	147.382
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	113.92	88	29.454
Total Profit (Loss)	25.98	-5.11	-
Profit (Loss) Operational	21.8	-34.17	-
Net Profit (Loss) after Zakat and Tax	12.61	-47.3	-
Total Comprehensive Income	12.61	-47.3	-
Total Share Holders Equity (after deducting minority equity)	1,174.01	1,103.77	6.363
Profit (Loss) per Share	0.14	-0.53
All figures are in (Millions) Saudi Arabia, Riyals

	Accumulated Losses	Capital	Percentage %
	50,189,873	900,000,000	5.58

Element List	Explanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year	The reason for this quarter's profit compared to a loss during the same quarter last year is due to:

1. Increased revenues as a result of improved average selling price despite of the lack of sales quantities and increasing in marketing expenses.

2. Gains on investments in equity instruments ( collecting dividends).

3. Reverse the decline in inventory value as a result of revaluation. Reason for increase (decrease) in net profit for current quarter compared to the previous quarter The reason for the current quarter profit compared to the loss during the previous quarter is:

1. Decrease in average cost due to lower and rationalized expenses.

2. Gains on investments in equity instruments.( collecting dividends)

3. Reverse the decline in inventory value as a result of revaluation. Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year The reason for the current period's profits compared to a losses during the similar period of the previous year to:

1. Increased revenues as a result of improved average selling price despite of the lack of sales quantities and increasing in marketing expenses.

2. Gains on investments in equity instruments.( collecting dividends)

3. Decrease in average cost due to lower and rationalized expenses.

4. Reverse the decline in inventory value as a result of revaluation. Type of the external auditor's opinion Unmodified opinion Reclassifications in quarter financial result Some comparative figures have been reclassified to fit the current view. Additional Information The revaluation gain of approximately SR 102 million has been separated from investments in equity instruments at fair value through accumulated gains and losses and reclassified into a separate item under the heading "reclassification" in the statement of changes in equity.

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