IssuerAnnouncementDetailsV2Portlet
Umm Al-Qura Cement Co. announces its Annual Financial Results for the Period Ending on 2022-12-31
Element List | Current Year | Previous Year | %Change | ||
---|---|---|---|---|---|
Sales/Revenue | 221,216,841 | 278,832,850 | -20.66 | ||
Gross Profit (Loss) | 70,827,155 | 119,143,557 | -40.55 | ||
Operational Profit (Loss) | 55,755,852 | 105,616,285 | -47.21 | ||
Net Profit (Loss) after Zakat and Tax | 22,986,944 | 81,436,401 | -71.77 | ||
Total Comprehensive Income | 23,391,222 | 81,610,938 | -71.34 | ||
Total Share Holders Equity (after Deducting Minority Equity) | 762,141,634 | 752,500,412 | 1.28 | ||
Profit (Loss) per Share | 0.42 | 1.48 | |||
All figures are in (Actual) Saudi Arabia, Riyals |
Element List | Explanation |
---|---|
The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The reason of the decrease in the net profit during this year compared to the previous year is due to the decrease of the value and volume of sales, increase of cost of sales per ton, increase in selling and marketing expenses, and general and administrative expense. In addition to other exceptional factors for events during the year such as the financial penalty by one of the governmental agencies with an amount of 10 million Saudi Riyals related to previous years, and a major technical failure occurred to a primary component of cement mill No. (1) Despite the decrease in financing cost and increase in the other revenues. |
Statement of the type of external auditor's report | Unmodified opinion |
Reclassification of Comparison Items | N/A |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.