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Southern Province Cement Co. announces its Annual Financial Results for the Period Ending on 2021-12-31

Element ListCurrent YearPrevious Year%Change
Sales/Revenue 1,3391,653-18.995
Gross Profit (Loss) 526679-22.533
Operational Profit (Loss) 464628-26.114
Net Profit (Loss) after Zakat and Tax 450609-26.108
Total Comprehensive Income 453603-24.875
Total Share Holders Equity (after Deducting Minority Equity) 3,2073,280-2.225
Profit (Loss) per Share 3.224.35
All figures are in (Millions) Saudi Arabia, Riyals
Element ListExplanation
The reason of the increase (decrease) in the net profit during the current year compared to the last year is The decrease in net profit for the current year compared to the previous year is due to:

Decreased sales revenue due to a decrease in the quantity of sales with an increase in general and administrative expenses

Statement of the type of external auditor's report Unmodified opinion
Reclassification of Comparison Items Some of the comparison figures have been reclassified for the year 2020 to fit the presentation of the figures for the year 2021
Additional Information 1- Total sales revenue at the end of the current year amounted to 1,339 million riyals, compared to 1,653 million riyals at the end of the previous year.

2- The total shareholders' equity (there are no minority rights) at the end of the current year amounted to 3,207 million riyals, compared to 3,280 million riyals at the end of the previous year.

3- The total comprehensive income for the current year amounted to 453 million compared to 603 million for the previous year.

4- Basic earnings per share is calculated based on the distributable profit for ordinary shares using the weighted average number of ordinary shares outstanding at the date of the financial statements.

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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