{"id":7257,"date":"2023-05-18T16:00:24","date_gmt":"2023-05-18T13:00:24","guid":{"rendered":"https:\/\/uacc.com.sa\/?p=7257"},"modified":"2026-08-12T12:23:37","modified_gmt":"2026-08-12T09:23:37","slug":"umm-al-qura-cement-co-announces-its-interim-financial-results-for-the-period-ending-on-2023-03-31-three-months","status":"publish","type":"post","link":"https:\/\/uacc.com.sa\/en\/2023\/05\/18\/umm-al-qura-cement-co-announces-its-interim-financial-results-for-the-period-ending-on-2023-03-31-three-months\/","title":{"rendered":"Umm Al-Qura Cement Co. announces its Interim Financial Results for the Period Ending on 2023-03-31 ( Three Months )"},"content":{"rendered":"\n\n\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n\n\n\n
Element List<\/th>\nCurrent Quarter<\/th>\nSimilar quarter for previous year<\/th>\n%Change<\/th>\nPrevious Quarter<\/th>\n% Change<\/th>\n<\/tr>\n<\/thead>\n
Sales\/Revenue<\/td>\n47,159,762<\/span><\/td>\n65,601,015<\/span><\/td>\n-28.11<\/span><\/td>\n41,917,892<\/span><\/td>\n12.51<\/span><\/td>\n<\/tr>\n
Gross Profit (Loss)<\/td>\n15,249,849<\/span><\/td>\n23,802,488<\/span><\/td>\n-35.93<\/span><\/td>\n13,840,587<\/span><\/td>\n10.18<\/span><\/td>\n<\/tr>\n
Operational Profit (Loss)<\/td>\n11,629,725<\/span><\/td>\n20,450,317<\/span><\/td>\n-43.13<\/span><\/td>\n10,014,237<\/span><\/td>\n16.13<\/span><\/td>\n<\/tr>\n
Net Profit (Loss) after Zakat and Tax<\/td>\n6,779,453<\/span><\/td>\n14,507,181<\/span><\/td>\n-53.27<\/span><\/td>\n-6,313,086<\/span><\/td>\n–<\/span><\/td>\n<\/tr>\n
Total Comprehensive Income<\/td>\n6,773,685<\/span><\/td>\n14,532,380<\/span><\/td>\n-53.39<\/span><\/td>\n-7,146,283<\/span><\/td>\n–<\/span><\/td>\n<\/tr>\n<\/tbody>\n
All figures are in (Actual) Saudi Arabia, Riyals<\/td>\n<\/tr>\n<\/tfoot>\n<\/table>\n\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n
Element List<\/th>\nCurrent Period<\/th>\nSimilar period for previous year<\/th>\n%Change<\/th>\n<\/tr>\n<\/thead>\n
Total Share Holders Equity (after Deducting Minority Equity)<\/td>\n768,915,319<\/span><\/td>\n767,032,792<\/span><\/td>\n0.24<\/span><\/td>\n<\/tr>\n
Profit (Loss) per Share<\/td>\n0.12<\/span><\/td>\n0.26<\/span><\/td>\n<\/tr>\n<\/tbody>\n
All figures are in (Actual) Saudi Arabia, Riyals<\/td>\n<\/tr>\n<\/tfoot>\n<\/table>\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n
<\/th>\nAccumulated Losses<\/th>\nCapital<\/th>\nPercentage %<\/th>\n<\/tr>\n<\/thead>\n
<\/td>\n0<\/td>\n550,000,000<\/td>\n0<\/td>\n<\/tr>\n<\/tbody>\n
All figures are in (Actual) Saudi Arabia, Riyals<\/td>\n<\/tr>\n<\/tfoot>\n<\/table>\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n
Element List<\/th>\nExplanation<\/th>\n<\/tr>\n<\/thead>\n
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is<\/td>\nThe reason of the decrease in net profit during the current quarter of 2023 compared to the same quarter of the previous year and despite the increase in the average selling price, is due to the decrease in the value of sales driven by the decrease in the quantity of sales. <\/p>\n

Adding to that, the financial impact of the technical malfunction in one of the components of the cement mill No. (1).<\/p>\n

Additionally, increase in the cost of sales, also increase the general and administrative expenses for the current quarter compared to the same quarter of the previous year, despite the decrease in selling and marketing expenses, and the financing costs during the current quarter compared to the same quarter of the previous year.<\/td>\n<\/tr>\n

The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is<\/td>\nThe main reason of the increase in net profit for the current quarter compared to the previous quarter is due to: <\/p>\n

 <\/p>\n

The increase of the value of sales due to increase of the quantity despite the decrease in average selling price.<\/p>\n

 <\/p>\n

Adding to that, the other exceptional factors for events during the previous quarter have also contributed to the increase of cost such as the financial penalty by one of the governmental agencies with an amount of 10 million Saudi Riyals which relates to previous years.<\/td>\n<\/tr>\n

Statement of the type of external auditor’s report<\/td>\nUnmodified conclusion<\/td>\n<\/tr>\n
Reclassification of Comparison Items<\/td>\nN\\A<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change Sales\/Revenue 47,159,762 65,601,015 -28.11 41,917,892 12.51 Gross Profit (Loss) 15,249,849 23,802,488 -35.93 13,840,587 10.18 Operational Profit (Loss) 11,629,725 20,450,317 -43.13 10,014,237 16.13 Net Profit (Loss) after Zakat and Tax 6,779,453 14,507,181 -53.27 -6,313,086 – Total Comprehensive Income 6,773,685 14,532,380 -53.39 -7,146,283 […]<\/p>\n","protected":false},"author":3,"featured_media":5118,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[10],"tags":[],"class_list":["post-7257","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/posts\/7257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/comments?post=7257"}],"version-history":[{"count":1,"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/posts\/7257\/revisions"}],"predecessor-version":[{"id":7258,"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/posts\/7257\/revisions\/7258"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/media\/5118"}],"wp:attachment":[{"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/media?parent=7257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/categories?post=7257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/tags?post=7257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}