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Tabuk Cement Co. announces its Interim Financial Results for the Period Ending on 2022-03-31 ( Three Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 62.1876.96-19.20454.3114.49
Gross Profit (Loss) 5.0220.95-76.0389.41-46.652
Operational Profit (Loss) -2.4714.51-4.63-
Net Profit (Loss) after Zakat and Tax -6.9210.06-0.34-
Total Comprehensive Income -6.9210.06-0.67-
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (after Deducting Minority Equity) 1,260.531,259.090.114
Profit (Loss) per Share -0.080.11
All figures are in (Millions) Saudi Arabia, Riyals
Accumulated LossesCapitalPercentage %
0900,000,0000
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 recording a net loss for the current quarter compared to the same quarter of the previous year is due to:

1. Decrease in the average selling price.

2. Increase in cost of revenues as a result of the periodic maintenance for the factory .

3. Decrease in other revenues.

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

1. Decrease in the average selling price.

2. Increase in cost of revenues as a result of the periodic for the factory. 3. Decrease in other revenues . .

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 Note 17 (Adjustments):- During the first quarter of the previous year 2021 , the reduced depreciation expenses of some items of properties and equipment's was not registered amounting to SAR 3.016.179 as of a result of re-estimating the useful life of some properties and equipment's . And it's registered during the second quarter of the year 2021 . The first quarter of the previous year 2021, were modified and corrected with this amount , in the line with the required of The International Accounting Standards 8 "Accounting policies, charges in accounting estimates and errors " . This transaction didn't affect the financial statements of the company or its results as on 31/12/2021 .

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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