Addendum announcement from National Gypsum Company regarding the company's announcement that it has received a letter amending the prices of fuel products used in production .

Addendum announcement from National Gypsum Company regarding the company's announcement that it has received a letter amending the prices of fuel products used in production .

19 February 2024 03:54 PM

NGC

2090

24.39%

25.45

4.99

Element List

Explanation

Introduction

In addition to the company’s announcement published on the Tadawul website on 27-06-1445 AH corresponding to 09-01-2024, we inform you of the latest developments related to amending the prices of fuel products used in production.

Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website

2024-01-09 Corresponding to 1445-06-27

Hyperlink to the Previous Announcement

Click Here

Change on the Development

The company would like to clarify that the approximate financial impact of the increase in sales costs is estimated at 10.81%. This impact is expected to be seen starting from the first quarter results of the year 2024, and the company confirms that it is working to minimize the financial impact of this adjustment on the financial results.

Financial Impact on the change

The approximate financial impact of the increase in sales costs is estimated at 10.81%.

Addendum announcement from National Gypsum Company regarding the company's announcement that it has received a letter amending the prices of fuel products used in production .