Umm Al-Qura Cement Company Provides Earnings Guidance for the Year 2022 and 2023
For the year 2023,the expected financial impact of this technical malfunction based on the total expected days of downtime, which is estimated at 272 days, the net profit will decrease by SAR 9.1 million, in addition to an increase of fixed costs of SAR 1.7 million, hence the total decrease of the expected net profit for the period is estimated at SAR 10.8 million.
The total expected downtime according to the announcement, is 417 days, and the total estimated decrease in net profit is SAR 13.9 million, in addition to an expected maintenance costs of SAR 2.5 million and a total increase of fixed costs of SAR 2.6 million. Accordingly, the total expected decrease in net profit is SAR 19.0 million.