Riyadh Cement Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

19 May 2024 12:42 PM

RIYADH CEMENT 3092 -0.13% 31.76 -0.04

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	188,892,735	190,014,446	-0.59	-	-
Gross Profit (Loss)	76,755,873	86,502,233	-11.267	-	-
Operational Profit (Loss)	71,565,419	77,625,681	-7.807	-	-
Net profit (Loss)	70,103,218	73,357,799	-4.436	-	-
Total Comprehensive Income	70,103,218	73,357,799	-4.436	-	-
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (After Deducting the Minority Equity)	1,749,871,039	1,679,767,821	4.173
Profit (Loss) per Share	0.58	0.61
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Percentage of the capital (%)	Amount
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
Accumulated Losses	-	-
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	The main reason for decrease in sales for current quarter compared to same quarter of previous year is decrease quantity of sales during current quarter compared to same quarter of previous year.
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 main reason for decrease in net profit for current quarter compared to same quarter of previous year is the decrease in quantity of sales during current quarter compared to same quarter of previous year and increase in cost of sales for current quarter compared to same quarter of previous year, despite increase other revenues during the first quarter of year 2024
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	As a result of the company's move from the parallel market (Nomu) to the main market (TASI) during the fourth quarter of the previous year, comparative figures for previous quarter are not available and therefore cannot be compared with first quarter of 2024 data.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	As a result of the company's move from the parallel market (Nomu) to the main market (TASI) during the fourth quarter of the previous year, comparative figures for previous quarter are not available and therefore cannot be compared with first quarter of 2024 data.
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	Not apply
Additional Information	On May 16, 2024, The Company announced its joining The Industrial Sector Competitiveness Program and amending financial impact on cost of production due to adjusting the fuel prices used in operating company’s factory to become 12% from beginning of current year instead of 24.7%, and since the Company’s joined Program in second quarter of 2024, therefore, financial impact of decline the rise in production costs related to first quarter 2024 will be reflected positively in coming periods 2024. As a result of the company's move from the parallel market (Nomu) to the main market (TASI) during the fourth quarter of the previous year, comparative figures for previous quarter are not available and therefore cannot be compared with first quarter of 2024 data.

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