Umm Al-Qura Cement Co. announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )

Aug 18, 2022

ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR %CHANGE PREVIOUS QUARTER % CHANGE
Sales/Revenue 59,483,427 63,895,004 -6.9 65,601,015 -9.32
Gross Profit (Loss) 17,522,624 27,949,106 -37.3 23,139,952 -24.27
Operational Profit (Loss) 13,512,812 24,446,338 -44.72 19,787,781 -31.71
Net Profit (Loss) after Zakat and Tax 8,334,354 18,414,374 -54.74 13,844,645 -39.8
Total Comprehensive Income 9,104,660 18,283,033 -50.2 13,869,844 -34.36
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LIST CURRENT PERIOD SIMILAR PERIOD FOR PREVIOUS YEAR %CHANGE
Sales/Revenue 125,084,442 154,301,296 -18.93
Gross Profit (Loss) 40,662,577 68,808,880 -40.91
Operational Profit (Loss) 33,300,590 62,267,722 -46.52
Net Profit (Loss) after Zakat and Tax 22,178,996 49,451,326 -55.15
Total Comprehensive Income 22,974,500 49,319,985 -53.42
Total Share Holders Equity (after Deducting Minority Equity) 758,300,689 747,709,459 1.42
Profit (Loss) per Share 0.4 0.9
All figures are in (Actual) Saudi Arabia, Riyals
CAPITAL
550,000,000
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 reasons for the decrease in net profit during the current quarter of 2022 compared with the same quarter of the previous year is due to the decrease in the value of sales and increase in the cost of sales, also increase in selling and marketing expenses for the current quarter compared to 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 quarter 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 value of sales for the current quarter compared to the previous quarter, and increase in selling and marketing expenses, general and administrative expenses for the current quarter compared to the previous quarter, despite the decrease in financing costs for 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 value of sales for the current period compared to the same period of the previous year. Increase in selling and marketing expenses, general and administrative expenses 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