Yanbu Cement Co. SJSC

10/21/2021 | Press release | Distributed by Public on 10/22/2021 08:30

اعلان شركة أسمنت ينبع عن النتائج المالية الأولية الموحدة المختصرة للفترة المنتهية في 30-09-2021 (تسعة أشهر)

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

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