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Tabuk Cement Co. announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 74.2549.2650.7362.1819.41
Gross Profit (Loss) 13.099.4638.375.02160.76
Operational Profit (Loss) 6.873.08123.05-2.47-
Net Profit (Loss) after Zakat and Tax 2.49-1.13--6.92-
Total Comprehensive Income 2.49-0.79--6.92-
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 136.43126.218.1
Gross Profit (Loss) 18.130.42-40.5
Operational Profit (Loss) 4.3917.59-75.04
Net Profit (Loss) after Zakat and Tax -4.438.93-
Total Comprehensive Income -4.439.27-
Total Share Holders Equity (after Deducting Minority Equity) 1,240.511,258.3-1.41
Profit (Loss) per Share -0.050.1
All figures are in (Millions) Saudi Arabia, Riyals
Accumulated LossesCapitalPercentage %
2,798,606900,000,0000.31
All figures are in (Millions) Saudi Arabia, Riyals
Element ListExplanation
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 reason for the increase in net profit during the current quarter compared to the same quarter of the previous year is due to:

1. Increase in sales quantity .

2. Increase in average selling prices.

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

1. Increase in sales quantity.

2. Increase in average selling prices.

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 reason for the decrease in net profit for the current period compared to the similar period of the previous year is due to:

1.The increase in the cost of sales for the current period as a result of the increase in petrifaction fees for raw materials.

2. Decrease in other revenues for the current period.

Statement of the type of external auditor's report Unmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion Non
Reclassification of Comparison Items Non
Additional Information 1. Unrealized profits of SAR 339 thousands riyals were recorded within the other comprehensive income items during the previous quarter 2021 AD and the same period of the previous year 2021 AD , 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. Note No. 16 (Adjustments) :-During the first quarter of 2022 AD , the reduced depreciation expenses for some items of property , plant and equipment was not recorded and calculated during the first quarter of 2021 AD , amounting to 3.016.179 SAR , which the company established during the second quarter of 2021 AD . Accordingly , the company corrected the depreciation expenses and re-presented its data by amending the items of the interim condensed financial statements for the three-month period ending on June 30 , 2021 AD , which were affected by this adjustment in line with the requirements of International Accounting Standard NO. (8) ( Change in Accounting Policies and Change in Accounting Estimates and Accounting Errors ). This adjustment did not affect the Financial Statements of the company or its result as on 31/12/2021 AD .

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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