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Tabuk Cement Co. announces its Annual Financial Results for the Period Ending on 2022-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 297.55 | 228.53 | 30.2 | ||
| Gross Profit (Loss) | 63.43 | 48.61 | 30.49 | ||
| Operational Profit (Loss) | 36.18 | 34.81 | 3.94 | ||
| Net Profit (Loss) after Zakat and Tax | 20.97 | 17.76 | 18.07 | ||
| Total Comprehensive Income | 32.52 | 18.42 | 76.55 | ||
| Total Share Holders Equity (after Deducting Minority Equity) | 1,277.46 | 1,267.45 | 0.79 | ||
| Profit (Loss) per Share | 0.23 | 0.2 | |||
| All figures are in (Millions) 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 for the increase in the net profit during the current year compared to the last year is due to: 1. Increase in the quantity and value of sales . 2. Increase in the average selling price. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Reclassification of Comparison Items | N/A |
| Additional Information | 1. Unrealized profits of SAR 12.060 million riyals were recorded within the other comprehensive income items that will not be reclassified later under profit or loss , and these profits result from re-measurement of investments in equity instruments fair value. 2. The estimated useful lives of machinery and equipment has been changed , and as a result of this , the calculation of depreciation on machinery and equipment has been modified as of January 1 , 2021 AD , and the changes in Accounting Estimates , and the impact of these changes will apear on the current financial statements in which the change occurred and future periods , and as a result of this change , the depreciation expenses decrease by a value of SAR 12.2 million saudi riyals which a ffected and recorded on the financial statements for the current year ending on December 31 , 2022 AD , according to approved accounting standards.3. The company achieved profit of 10.015 million riyals from the sale of investment properties during the last year 2021 , represented by the sale of land in the goverment district in Tabuk City , with a value of 15.2 million saudi riyals .s |
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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