ACC

05 May, 2024 16:00

Arabian 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 227.6240.1-5.206225.21.065
Gross Profit (Loss) 69.266.73.74840.770.024
Operational Profit (Loss) 53.151.72.7074129.512
Net profit (Loss) 54.249.210.16232.865.243
Total Comprehensive Income 47.246.80.85430.753.745
All figures are in (Millions) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (After Deducting the Minority Equity) 2,620.32,682.1-2.304
Profit (Loss) per Share 0.540.49
All figures are in (Millions) Saudi Arabia, Riyals


Element ListPercentage of the capital (%)Amount
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value --
All figures are in (Millions) 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 decrease in sales during the current period compared to the same period of last year is mainly: decrease in sales volume for the group due to Ramadan month overlap with current quarter
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 period compared to the same period of last year is mainly: increase of average selling price for the local market despite the decrease in sales volume for the group (due to Ramadan month overlap with current quarter), increase in company's share of results in associates in addition to decrease in finance costs
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 compared to previous quarter is mainly: increase of average selling price for the local market despite the decrease in sales volume for the group (due to Ramadan month overlap with current quarter)
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 compared to previous quarter is mainly: increase of average selling price for the local market despite the decrease in sales volume for the group (due to Ramadan month overlap with current quarter)
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) None
Reclassification of Comparison Items None
Additional Information -

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