اعلان شركة أسمنت تبوك عن النتائج المالية الأولية للفترة المنتهية في 30-09-2021 ( تسعة أشهر )

A3090 TCC-0.02 (-0.11 %)
1443/03/28 Wed Nov 3, 2021 08:04:25

Tabuk Cement Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )

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Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	48	71.49	-32.857	49.26	-2.557
Gross Profit (Loss)	8.78	19.49	-54.951	12.48	-29.647
Operational Profit (Loss)	2.55	13.83	-81.561	5.99	-57.429
Net Profit (Loss) after Zakat and Tax	8.48	9.47	-10.454	1.89	348.677
Total Comprehensive Income	8.48	9.47	-10.454	2.23	280.269
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	174.22	196.9	-11.518
Gross Profit (Loss)	39.2	46.92	-16.453
Operational Profit (Loss)	19.61	30.04	-34.72
Net Profit (Loss) after Zakat and Tax	17.42	38.92	-55.241
Total Comprehensive Income	17.75	38.92	-54.393
Total Share Holders Equity (after Deducting Minority Equity)	1,266.78	1,226.41	3.291
Profit (Loss) per Share	0.19	0.43
All figures are in (Millions) Saudi Arabia, Riyals

Accumulated Losses	Capital	Percentage %
0	900,000,000	0
All figures are in (Millions) 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 reason for the decrease in the net profit during the current quarter compared to the same quarter of the previous year is due to: 1. Decrease in the quantity and value of sales for the current quarter compared to the same quarter of the previous year. 2. Sales & Marketing & General administrative expenses for the current quarter are higher compared to the same quarter of the previous year . 3. Zakat expenses for the current quarter are higher compared to the same quarter of the previous year .
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 reason for the increase in net profit for the current quarter compared to the previous quarter despite of the decrease of sales value is due to: 1. achieving a profit of 10.015 million riyals from the sale of investment properties. 2. Decrease in sales & marketing & general administrative & financing 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 reason for the decrease in net profit for the current period compared to the same period of the previous year is due to: 1. Decrease in the quantity and value of sales for the current period compared to the same period of the previous year . 2. The previous period was affected by the cash flow adjustment gains for a financial obligation. 3. The current period is affected by the amortization of adjusting the cash flow of a financial obligation . 4. Increase in sales & marketing & general administrative & zakat expenses for the current period , despite the decrease of a financial expenses.
Statement of the type of external auditor's report	Unmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion	Non
Reclassification of Comparison Items	Non
Additional Information	1. Unrealized profits of SAR 339 thousands riyals were recorded within the other comprehensive income items that will not be reclassified later under profit or loss , and these profits result from re-measurement of investments in equity instruments fair value. 2. The estimated useful lives of machinery and equipment has been changed and this has been shown in the financial statements on September 30 , 2021 AD , and as a result of this , the calculation of depreciation on machinery and equipment has been modified as of January 1 , 2021 AD , and the changes in Accounting Estimates , and the impact of these changes will appear on the current financial statements in which the change occurred and future periods , and as a result of this change , the depreciation expenses decrease by a value of SAR 9.15 million riyals which affected and recorded on the financial statements for the current period ending on September 30 , 2021 AD , according to approved accounting standards. 3. The company achieved profit of 10.015 million riyals from the sale of investment properties during the current period , represented by the sale of land in the government district in Tabuk city , with a value of 15.2 million riyals .

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