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Hail Cement Co. announces its Annual Financial Results for the Period Ending on 2022-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 365,463,971 | 253,305,663 | 44.28 | ||
| Gross Profit (Loss) | 63,480,591 | 63,270,054 | 0.33 | ||
| Operational Profit (Loss) | 32,274,950 | 41,203,870 | -21.67 | ||
| Net Profit (Loss) after Zakat and Tax | 16,414,481 | 42,407,468 | -61.29 | ||
| Total Comprehensive Income | 24,241,938 | 40,938,804 | -40.78 | ||
| Total Share Holders Equity (after Deducting Minority Equity) | 1,061,002,964 | 1,104,550,827 | -3.94 | ||
| Profit (Loss) per Share | 0.17 | 0.43 | |||
| 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 decrease of net income during the current year compared to previous year id due to the decrease of average selling prices, in addition to the exceptional factors such as: The increase in general & Admin expenses attributed to the fine of 10 M Riyals by one of Government Agencies. The losses from the change in the fair value of financial investments at fair value during the current year (against recording profits during the previous year), as a result of the local and foreign financial markets being affected by international events This is despite the increase in the quantity and value of sales during the current year compared to the previous year. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Reclassification of Comparison Items | Some comparative figures have been re-classified to conform with the presentation of the current period, No financial impact from the re-classifications on Net Profit or Shareholders’ Equity. |
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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