Umm Al-Qura Cement Co. announces its Interim Financial Results for the Period Ending on 2023-09-30 ( Nine Months )

Umm Al-Qura Cement Co. announces its Interim Financial Results for the Period Ending on 2023-09-30 ( Nine Months )

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 reason for the decrease in net profit during the current quarter of 2023 compared to the same quarter of the previous year is due to:

Decreased sales value due to a decrease in the volume of sales and the decrease of selling price per ton.



Adding to that, the financial impact of the technical malfunction in one of the components of the cement mill No. (1).



In addition to the increase of general and administrative expenses for the current quarter compared to the same quarter of the previous year,



Despite the gains from amendment of financial obligations as a result of concluding an agreement to reschedule the Saudi Industrial Development Fund loan during the current quarter.



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 of net profit for the current quarter compared to the previous quarter