3091 · 08/08/2024 08:13:30 · Announcement #81917 · View on Saudi Exchange

Al Jouf Cement Co. announces its Interim Financial consolidated results for the Period Ending on 30-06-2024 ( six Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	77,961,399	67,956,812	14.721	82,044,584	-4.976
Gross Profit (Loss)	27,952,231	20,782,982	34.495	28,289,466	-1.192
Operational Profit (Loss)	21,847,927	15,659,177	39.521	22,703,285	-3.767
Net profit (Loss)	8,125,827	4,084,437	98.946	12,450,956	-34.737
Total Comprehensive Income	8,125,827	4,084,437	98.946	12,450,956	-34.737
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	160,005,983	138,227,636	15.755
Gross Profit (Loss)	56,241,697	45,117,882	24.655
Operational Profit (Loss)	44,551,212	36,464,155	22.178
Net profit (Loss)	20,576,783	14,355,704	43.335
Total Comprehensive Income	20,576,783	14,355,704	43.335
Total Shareholders Equity (after Deducting Minority Equity)	1,241,426,542	1,150,630,145	7.891
Profit (Loss) per Share	0.19	0.13
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is	Total revenues amounted to SAR 78 million for the second quarter of 2024 compared to SAR 68 million for the same quarter of the last year. An increase of 15% has been recorded due to the increase in sales volume
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	Net icome amounted to SAR 8.1 million for the second quarter of 2024 compared to SAR 4.1 million for the same quarter last year. An increase of 99% has been recorded due to the increase in sales volume despite the increase in average cost of sale impacted by increase in fuel prices and the increase in finance cost.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	Total revenues amounted to SAR 78 million for the second quarter of 2024, compared to SAR 82 million for the last quarter. A decrease of 5% has been recorded due to the decrease in sales volume, as the current quarter impacted by Eid Al-Fitr and Eid Al-Adha.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	Net income amounted to SAR 8.1 million for the second quarter compared to SAR 12.5 million for the last quarter. A decrease of 35% has been recorded due to the decrease in sales volume as a result of the current quarter impacted by Eid Al-Fitr and Eid Al-Adha.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is	Total revenues amounted to SAR 160.0 million for the current period 2024 compared to SAR 138.2 million for the same period of last year. An increase of 16% has been recorded as a result of the increase in sales volume.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	Net income amounted to SAR 20.6 million for the current period 2024 compared to SAR 14.4 million for the same period of last year. An increase of 43% has been recorded as a result of increase in sales volume, despite the increase in finance cost.
Statement of the type of external auditor's report	Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)	N/A
Reclassification of Comparison Items	Certain comparative figures for the prior period have been reclassified to conform to the presentation used in the current period ended June 30, 2024.
Additional Information	Earnings before finance cost, depreciation, amortization and zakat (EBITDA) for the current quarter amounted to SAR 34.7 million compared to SAR 26.1 million for the same quarter of last year, an increase of 33% has been recorded and compared to SAR 37.2 million for last quarter, a decrease of 7% has been recorded.

EBITDA for the current period amounted to SAR 71.9 million, compared to SAR 57.1 million for the same period of the previous year, an increase of 26% has beenr ecorded.

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