UACC

28 April, 2024 15:57

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

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 64,682,99847,159,76237.15750,439,57628.238
Gross Profit (Loss) 23,629,70815,249,84954.954,157,913468.306
Operational Profit (Loss) 19,508,58411,629,72567.747-1,005,972-
Net profit (Loss) 14,469,5046,779,453113.431-6,099,586-
Total Comprehensive Income 14,504,9246,773,685114.136-6,179,261-
All figures are in (Actual) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (After Deducting the Minority Equity) 780,540,008768,915,3191.511
Profit (Loss) per Share 0.260.12
All figures are in (Actual) Saudi Arabia, Riyals


Element ListPercentage 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 ListExplanation
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 reason for the increase in sales during the current quarter of the year 2024 compared to the same quarter of the previous year is due to the increase in the quantity and value of sales.
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 increase in net profit during the current quarter of 2024 compared to the same quarter of the previous year is due to the increase in sales quantity and value, In addition to returning cement production rates to normal, and the decrease in selling and distribution expenses and financing costs. Despite the increase in the general and administrative expenses, as well as the increase in zakat expenses and the decrease in other revenues.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The reason for the increase in sales during the current quarter of the year 2024 compared to the previous quarter is due to the improvement in the average selling price per ton, which led to an increase in the value of sales despite a decrease in the quantity of sales.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The reason for the increase in net profit during the current quarter of 2024 compared to the previous quarter is due to the increase in sales value, decrease in selling, distribution, general and administrative expenses, and increase in other revenues. Despite the increase in zakat expenses.
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) The interim condensed financial statements for the three month periods ending on March 31, 2023, have been reviewed by another auditor, who expressed an unmodified conclusion on those interim financial statements on Shawwal 28, 1444 H (corresponding to May 18, 2023)
Reclassification of Comparison Items N/A
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