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Hail Cement Co. announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 59,783,949 | 96,319,244 | -37.93 | 61,850,448 | -3.34 |
| Gross Profit (Loss) | 7,226,706 | 17,963,656 | -59.77 | 22,593,501 | -68.01 |
| Operational Profit (Loss) | 3,199,759 | 2,341,291 | 36.67 | 16,057,719 | -80.07 |
| Net Profit (Loss) after Zakat and Tax | 5,975,168 | -6,829,364 | - | 18,511,318 | -67.72 |
| Total Comprehensive Income | 5,975,168 | -6,829,364 | - | 18,511,318 | -67.72 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 121,634,397 | 164,934,526 | -26.25 |
| Gross Profit (Loss) | 29,820,207 | 16,321,834 | 82.7 |
| Operational Profit (Loss) | 19,324,392 | -5,017,607 | - |
| Net Profit (Loss) after Zakat and Tax | 24,486,486 | -13,721,833 | - |
| Total Comprehensive Income | 24,486,486 | -13,721,833 | - |
| Total Share Holders Equity (after Deducting Minority Equity) | 1,061,387,819 | 1,090,828,994 | -2.7 |
| Profit (Loss) per Share | 0.25 | -0.14 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| 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 compared to the same quarter of the previous year is due to: - Decrease in general and administrative expenses - Decrease in zakat expense Achieving profits from financial investments at fair value, as well as higher returns on Murabaha deposits during the current quarter This is despite the decrease in the quantity and value of sales during the current quarter compared to the same quarter of the previous year |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is | The reason for the decrease in net profit during the current quarter compared to the previous quarter is due to: The decrease in the quantity and value of sales as a result of the decrease in demand and the coincidence of the current quarter with the holy month of Ramadan and the holidays, in addition to the increase in the cost of sales |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The reason for the increase in net profit during the current period compared to the same period of the previous year is due to: - Decrease in general and administrative expenses - Decrease in zakat expense - Achieving profits from financial investments at fair value, as well as high returns on Murabaha deposits during the current period. This is despite the decrease in the quantity and value of sales during the current period compared to the same period of the previous year |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to conform to the current presentation |
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.
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