Umm Al-Qura Cement Co. announces its Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months )

Aug 1, 2021

ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR %CHANGE PREVIOUS QUARTER % CHANGE
Sales/Revenue 63,895,004 62,560,163 2.133 90,406,292 -29.324
Gross Profit (Loss) 27,949,106 30,420,507 -8.124 40,859,774 -31.597
Operational Profit (Loss) 24,446,338 27,530,315 -11.202 37,821,384 -35.363
Net Profit (Loss) after Zakat and Tax 18,414,374 20,974,547 -12.206 31,036,952 -40.669
Total Comprehensive Income 18,283,033 20,526,634 -10.93 31,036,952 -41.092
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LIST CURRENT PERIOD SIMILAR PERIOD FOR PREVIOUS YEAR %CHANGE
Sales/Revenue 154,301,296 159,011,611 -2.962
Gross Profit (Loss) 68,808,880 78,556,372 -12.408
Operational Profit (Loss) 62,267,722 72,526,971 -14.145
Net Profit (Loss) after Zakat and Tax 49,451,326 59,488,346 -16.872
Total Comprehensive Income 49,319,985 59,040,433 -16.464
Total Share Holders Equity (after Deducting Minority Equity) 747,709,459 678,818,309 10.148
Profit (Loss) per Share 0.9 1.08
All figures are in (Actual) Saudi Arabia, Riyals
ACCUMULATED LOSSES CAPITAL PERCENTAGE %
0 550,000,000 0
All figures are in (Actual) 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 The reason for the decrease in net profit during the current quarter of 2021 AD compared with the same quarter of the previous year is due to the increase in the cost of sales and the increase in selling and marketing expenses, general and administrative expenses and Zakat expense for the current quarter compared to In the same quarter of the previous year, despite the decrease in financing costs during the current quarter compared to the same quarter of the previous year.
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 main reason for the decrease in net profit for the current quarter compared to the previous quarter is due to the decrease in the amount and value of sales for the current quarter compared to the previous quarter, as well as the increase in selling and marketing expenses and the increase in general and administrative expenses despite the decrease in financing costs during the current quarter compared to the previous quarter.
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 main reason for the decrease in net profit for the current period compared to the same period of the previous year is due to:

Decreased sales value for the current period compared to the same period of the previous year.

– Increase in selling and marketing expenses, general and administrative expenses and zakat expense for the current period compared to the same period of the previous year and a decrease in other revenues for the current period compared to the same period of the previous year, despite the decrease in financing costs for the current period compared to the same period of the previous year
Statement of the type of external auditor’s report Unmodified conclusion
Reclassification of Comparison Items N/A