Hail Cement Co. announces its Annual Financial results for the period ending on 2023-12-31

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