Southern Province Cement Co. announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )

2021-05-04 16:03:44

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 439457-3.9384311.856
Gross Profit (Loss) 190193-1.55416316.564
Operational Profit (Loss) 177181-2.20915018
Net Profit (Loss) after Zakat and Tax 175183-4.37114124.113
Total Comprehensive Income 175183-4.37114124.113
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (after Deducting Minority Equity) 3,4553,490-1.002
Profit (Loss) per Share 1.251.31
All figures are in (Millions) Saudi Arabia, Riyals
Element ListExplanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The decrease in net profit for the current quarter compared to the same quarter of the previous year is due to: 1- A decrease in sales revenues by (3.94%) and a decrease in the amount of sales by (1.75%). 2- An increase in general and administrative expenses by (14.41%) 3- Decrease in other miscellaneous income by (51.16%)
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is The increase in net profit is due to the current quarter compared to the previous quarter of the current year 1- An increase in sales revenue by (1.98%) and a decrease in cost of sales by (6.69%). 2- Increase in other income by (108%).
Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items Some of the comparative figures have been reclassified for the three-month period of 2020 to conform to the presentation of the three-month figures of 2021.
Additional Information 1-Total sales during the current quarter amounted to 439 million riyals compared to 457 million riyals for the same quarter of the previous year, with a decrease of (3.94%) 2-The total shareholders' equity (no minority rights) during the current quarter amounted to 3,455 million riyals, compared to 3,490 million riyals for the same quarter of the previous year, with a decrease of (1%). 3-Total comprehensive income for the current quarter amounted to 175 million, compared to 183 million for the same quarter of the previous year, with a decrease of (4.37%). 4-Total comprehensive income for the current quarter amounted to 175 million, compared to 141 million for the previous quarter, an increase of (24.11%) 5-Basic earnings per share is calculated based on the distributable profit for ordinary shares using the weighted average number of ordinary shares outstanding at the date of the financial statements.