Yamama Cement Co. announces its Annual Financial Results for the Period Ending on 31 December 2023

Element ListCurrent YearPrevious Year%Change
Sales/Revenue 935,1931,008,111-7.23
Gross Profit (Loss) 335,357408,646-17.93
Operational Profit (Loss) 263,557333,130-20.88
Net profit (Loss) 304,252355,799-14.49
Total Comprehensive Income 284,542371,278-23.36
Total Share Holders Equity (After Deducting the Minority Equity) 4,733,3064,651,2651.76
Profit (Loss) per Share 1.51.76
All figures are in (Thousands) Saudi Arabia, Riyals

Element ListAmountPercentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value --
All figures are in (Thousands) Saudi Arabia, Riyals

Element ListExplanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year The main reason for the decrease in revenues for the current period compared to the previous year is:

• Decrease in quantity and value of sales due to a decrease in local demand.

The reason of the increase (decrease) in the net profit during the current year compared to the last year is The main reason for the Decrease in net profit for the current period compared to the same period of the previous year is due to:

• Decrease in the quantity and value of sales.

• Increase in financing expenses.

Statement of the type of external auditor's report Unmodified opinion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) None
Reclassification of Comparison Items Some of the same last year period comparative figures were reclassified to comply with the current period comparative figures.
Additional Information -

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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