QASSIM CEMENT COMPANY ANNOUNCES THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDING ON 30 SEPTEMBER 2021 (NINE MONTHS)

A3040 QACCO-0.3 (-0.37 %)
1443/04/03 Mon Nov 8, 2021 08:00:34

QASSIM CEMENT COMPANY ANNOUNCES THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDING ON 30 SEPTEMBER 2021 (NINE MONTHS)

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Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	170,313,517	231,575,724	-26.454	197,807,541	-13.899
Gross Profit (Loss)	69,654,592	120,652,615	-42.268	100,087,142	-30.406
Operational Profit (Loss)	59,695,557	111,547,742	-46.484	91,693,744	-34.896
Net Profit (Loss) after Zakat and Tax	60,385,035	110,109,144	-45.158	100,176,645	-39.721
Total Comprehensive Income	60,385,035	110,109,144	-45.158	100,176,645	-39.721
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	591,471,571	660,756,917	-10.485
Gross Profit (Loss)	282,138,230	364,378,377	-22.569
Operational Profit (Loss)	255,377,957	323,122,421	-20.965
Net Profit (Loss) after Zakat and Tax	261,434,645	306,747,295	-14.771
Total Comprehensive Income	261,434,645	306,747,295	-14.771
Total Share Holders Equity (after Deducting Minority Equity)	1,773,522,874	1,811,894,881	-2.117
Profit (Loss) per Share	2.9	3.41
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Explanation
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 income during the current quarter compared with same quarter for last year due to the decrease in the sales value and volume.
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 decrease in net income during the current quarter compared with the previous quarter due to the decrease in sales value as a result of the decrease in average selling price, the decrease in financial investment returns and the increase in general and administrative expenses.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The decrease in net income during the current period compared with the same period of the previous year is due to the decrease in the sales value as a result of decrease in average selling price. Despite the following: - The increase in sales volume. - The increase in financial investments returns. - The decrease in the general and administrative expenses.
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	Some comparative figures have been reclassified to tally with the current presentation.

The Capital Market Authority and the Saudi Stock 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.