Yanbu Cement : اعلان شركة أسمنت ينبع عن النتائج المالية الأولية الموحدة المختصرة للفترة المنتهي
October 22, 2021 at 11:24 pm
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A3060 YCC0.2 (0.52 %) 1443/03/15 Thu Oct 21, 2021 15:34:39
Yanbu cement co. announces the annual consolidated financial results for the period ended on 30-09-2021 (Nine months)
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Element List
Current Quarter
Similar quarter for previous year
%Change
Previous Quarter
% Change
Sales/Revenue
207.78
240.36
-13.554
242.69
-14.384
Gross Profit (Loss)
50.56
89.65
-43.602
53.14
-4.855
Operational Profit (Loss)
37.47
83.22
-54.974
43.07
-13.002
Net Profit (Loss) after Zakat and Tax
36.4
82.48
-55.868
41.83
-12.981
Total Comprehensive Income
31.01
76.27
-59.341
41.83
-25.866
All figures are in (Millions) Saudi Arabia, Riyals
Element List
Current Period
Similar period for previous year
%Change
Sales/Revenue
742.87
674.69
10.105
Gross Profit (Loss)
184.93
256.83
-27.995
Operational Profit (Loss)
149.12
224.6
-33.606
Net Profit (Loss) after Zakat and Tax
149.69
210.12
-28.759
Total Comprehensive Income
143.35
203.91
-29.699
Total Share Holders Equity (after Deducting Minority Equity)
2,943.02
3,121.54
-5.718
Profit (Loss) per Share
0.95
1.33
All figures are in (Millions) Saudi Arabia, Riyals
Element List
Explanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is
Decrease in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to: reduction in sales due to decline in demand and increase in production cost as a result of lower clinker production. Due to Line 4 extended shutdown for upgradation. Moreover, general administrative expenses for current quarter are higher.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is
Decrease in Net Profit for Current Quarter Compared to the previous quarter is Attributed to: reduction in sales due to decline in demand and increase in production cost as a result of lower clinker production. Due to Line 4 extended shutdown for upgradation. Moreover, general administrative expenses for current quarter are higher.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is
Decrease in Net Profit for Current period Compared to the Same period of the Previous Year is Attributed to: reduction in average selling price despite the fact that increase in sales volumes. Line 4 extended shutdown for upgradation led to lower clinker production leading to higher production cost. Moreover, general administrative are also higher a and last year expenses were lower due to favorable impact of zakat expenses.
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
N/A
Reclassification of Comparison Items
N/A
The Capital Market Authority and the Saudi Stock 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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Yanbu Cement Co. SJSC published this content on 21 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 October 2021 03:23:05 UTC.
Yanbu Cement Compay SJSC is a Saudi Arabia-based joint stock company, which is engaged in the production and marketing of cement. The Company produces Portland Cement Type I, II and V and Portland Pozzolan Cement. Yanbu Cement Compay SJSC also provides training for its employees and others, through its training center, which offers internal, external and co-op training courses. The Companyâs subsidiary, Yanbu Saudi Kuwaiti Paper Products Co Ltd, is engaged in the manufacture and wholesale trade of different types of paper bags for cement packing.