Southern Province Cement Co. announces its Annual Financial results for the period ending on 2024-12-31

27 March 2025 07:56 AM

SPCC 3050 -6.51% 26.12 -1.82

Element List	Current Year	Previous Year	%Change
Sales/Revenue	935	1,070	-12.62
Gross Profit (Loss)	343	277	23.83
Operational Profit (Loss)	268	203	32.02
Net profit (Loss)	244	195	25.13
Total Comprehensive Income	256	200	28
Total Shareholders Equity (after Deducting Minority Equity)	3,371	3,286	2.59
Profit (Loss) per Share	1.74	1.4
All figures are in (Millions) 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 (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year	The decrease in sales is due to decrease in sales volume
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The reason for the increase in net profit during this year compared to the previous year is due to: 1- Increase in average selling price 2- Decrease of cost of goods sold 3- Decrease in selling and distribution expenses 4- Increase in other revenues
Statement of the type of external auditor's report	Unmodified opinion
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)	None
Reclassification of Comparison Items	Some comparative figures have been reclassified to tally with current presentation.
Additional Information	Basic earnings per share is calculated based on the distributable profit for ordinary shares using the weighted average of outstanding ordinary shares number at the date of the financial statements.

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