Hail Cement Co. announces its Annual Financial results for the period ending on 2023-12-31
- Date: 25-Feb-2024
- Source: Mubasher
- Sector:Financial Markets
- Country:Saudi Arabia
Hail Cement Co. announces its Annual Financial results for the period ending on 2023-12-31
|Element List||Current Year||Previous Year||%Change|
|Sales/Revenue||229,063,137||365,463,971||-37.32|
|Gross Profit (Loss)||44,170,941||63,480,591||-30.42|
|Operational Profit (Loss)||19,351,877||32,274,950||-40.04|
|Net profit (Loss)||24,613,173||16,414,481||49.95|
|Total Comprehensive Income||22,746,900||24,241,938||-6.17|
|Total Share Holders Equity (After Deducting the Minority Equity)||999,876,190||1,061,002,964||-5.76|
|Profit (Loss) per Share||0.25||0.17|
|All figures are in (Actual) Saudi Arabia, Riyals|
|Element List||Amount||Percentage of the capital (%)|
|Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value||-||-|
|All figures are in (Actual) Saudi Arabia, Riyals|
|Element List||Explanation|
|The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year||The decrease in revenue during the current year compared to the previous year is due to the Decrease in the quantity and value of sales compared to the previous year.|
|The reason of the increase (decrease) in the net profit during the current year compared to the last year is|| The increase in net profit during the current year compared to the previous year is due to:
|
- Decrease in general and administrative expenses
- Decrease in Zakat expense
- Achieving profits from financial investments at fair value, as well as high returns on Murabaha deposits during the current period
|Statement of the type of external auditor's report||Unmodified opinion|
|Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)||Nothing|
|Reclassification of Comparison Items||Certain