IssuerAnnouncementDetailsV2Portlet
Saudi Ceramic Co. Announces an update on receiving a notice of adjusting of fuel prices used in production processes
Element List | Explanation |
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Introduction | Further to the Company’s announcement published on the Tadawul website on 02/07/1446H corresponding to 02/01/2025, regarding receipt of a notification that the price of fuel used in production has been modified starting from 01-01-2025, the company would like to clarify the expected financial impact. |
Previous Announcement | Saudi Ceramics Company announces receiving a notice of adjusting of fuel prices used in production processes |
Date of Previous Announcement on Saudi Exchange’s Website | 2025-01-02 Corresponding to 1446-07-02 |
Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
Latest Developments Of The Announced Event | The company would like to clarify that the financial impact is expected to be a 2% increase in production costs directly and indirectly and the financial impact will appear in the financial results of the first quarter of 2025. The company would like to confirm that it is working on implementing its plans to reduce costs and raise production and operational efficiency to reduce this impact. |
Reasons For The Delay on The Date of The Event Previously Announced | Not applicable |
The costs associated with the event, and if they have changed or not with indication of the reasons. | The financial impact of this adjustment is expected to be a 2% increase in production cost. |
Delay consequences on the Company’s financial results | Not applicable |
Additional Information | Not applicable |
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.