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Yamama Cement Co. announces its Interim Financial results for the Period Ending on 2024-06-30 (Six Months)

3020
YC
0.28 %
1446/02/02     06/08/2024 09:00:21

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 243,722218,94011.319273,709-10.955
Gross Profit (Loss) 110,36783,55832.084136,906-19.384
Operational Profit (Loss) 86,80967,38828.819117,544-26.147
Net profit (Loss) 84,61798,309-13.927115,034-26.441
Total Comprehensive Income 82,11698,666-16.773114,408-28.225
All figures are in (Thousands) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 517,431498,8043.734
Gross Profit (Loss) 247,273217,39413.744
Operational Profit (Loss) 204,353184,48010.772
Net profit (Loss) 199,650210,708-5.248
Total Comprehensive Income 196,524210,529-6.652
Total Shareholders Equity (after Deducting Minority Equity) 4,727,3304,659,2941.46
Profit (Loss) per Share 0.991.04
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 quarter compared to the same quarter of the last year is The main reason for the increase in sales for the current quarter compared to the same quarter of the previous year is due to:

• An increase in the value of sales for the current quarter compared to the same quarter of the previous year.

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

• A decrease in other revenues for the current quarter compared to the same quarter of the previous year, in addition to the increase in general, administrative and selling expenses. Note that there is a growth in operating profit by 29%.

The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The main reason for the decrease in sales for the current quarter compared to the previous quarter is due to:

• A decrease in the quantity and value of sales for the current quarter compared to the previous quarter due to it falling within part of the holy month of Ramadan, Eid al-Fitr holiday, and Eid al-Adha holiday.

The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The main reason for the decrease in net profit for the current quarter compared to the previous quarter is due to:

• A decrease in the quantity and value of sales for the current quarter compared to the previous quarter due to it being part of the holy month of Ramadan, the Eid al-Fitr holiday, and the Eid al-Adha holiday

• An increase in general, administrative, selling, distribution, and financing expenses for the current quarter compared to the previous quarter.

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

• An increase in the value of sales for the current period compared to the similar period of the previous year.

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

• A decrease in other revenues for the current period compared to the same period of the previous year, in addition to the increase in general, administrative and selling expenses. Note that there is a growth in operating profit by 11%.

Statement of the type of external auditor's report Unmodified conclusion
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 None
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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