IssuerAnnouncementDetailsV2Portlet
Addendum Announcement from Southern Province Cement Co. in regards to Receipt of a Notification of Adjustment in the Price of Fuel Used in Production
Element List | Explanation |
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Introduction | Further to the company's announcement published on Tadawul on 21-06-1445H corresponding to 03-01-2024 regarding the company's receipt of a notification of a fuel price adjustment used in production, the company would like to clarify the expected financial impact |
Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website | 2024-01-03 Corresponding to 1445-06-21 |
Hyperlink to the Previous Announcement | Click Here |
Change on the Development | The company would like to clarify that the direct financial impact is estimated to be an increase of approximately 12.5% in the cost of production. The company confirms that it is working on researching ways to reduce the financial impact of this adjustment on the financial results. |
Financial Impact on the change | The company would like to clarify that the direct financial impact is estimated to be an increase of approximately 12.5% in the cost of production. The company confirms that it is working on researching ways to reduce the financial impact of this adjustment on the financial results. |
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.