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Tabuk Cement Co. announces its Annual Financial results for the period ending on 2023-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 265.08 | 297.55 | -10.91 | ||
| Gross Profit (Loss) | 53.15 | 63.43 | -16.21 | ||
| Operational Profit (Loss) | 33.79 | 36.18 | -6.61 | ||
| Net profit (Loss) | 19.74 | 20.97 | -5.87 | ||
| Total Comprehensive Income | 7.57 | 43.66 | -82.66 | ||
| Total Share Holders Equity (After Deducting the Minority Equity) | 1,296.18 | 1,288.61 | 0.59 | ||
| Profit (Loss) per Share | 0.22 | 0.23 | |||
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | The reason for the decrease in the salels during the current year compared to the last year is due to: Decrease in the quantity and value of sales . |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The reason for the decrease in the net profit during the current year compared to the last year is due to: 1. Decrease in the quantity and value of sales . 2. Increase in the provision of Zakat. |
| 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) | N/A |
| Reclassification of Comparison Items | Certain comparative figuers for the previous year have been reclassified to be consistent with the clasification in the current year. The copmany has reclassified spare parts from property to inventory at a value of SAR 8.2 million ( clarification 36). RESTATED : The company's managment made an adjustment in the financial statements for the year ended December 31 , 2022 relating to the valuation of derivative financial instruments , specifically interest rate swap , which are used to hedge risks associated with interest rate fluctuations ( clarification 35). |
| Additional Information | Unrealized losses during the year 2023 of (8.089.598) riyals were recorded within the other comprehensive income items that will not be reclassified later under profit or loss , and these losses result from re-measurement of investments in equity instruments fair value , while unrealized profit during the year 2022 of 12.060.468 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 . |
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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