PERIOD – شركة أسمنت المنطقة الجنوبية

Southern Province Cement Co. announces its Interim Financial Results for the Period Ending on 2022-03-31 ( Three Months )

Thu, 12 May 2022 09:22:00 +0000

ELEMENT LIST	CURRENT QUARTER	SIMILAR QUARTER FOR PREVIOUS YEAR	%CHANGE	PREVIOUS QUARTER	% CHANGE
Sales/Revenue	330	439	-24.829	328	0.609
Gross Profit (Loss)	106	184	-42.391	109	-2.752
Operational Profit (Loss)	91	171	-46.783	95	-4.21
Net Profit (Loss) after Zakat and Tax	87	169	-48.52	88	-1.136
Total Comprehensive Income	87	169	-48.52	88	-1.136
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT LIST	CURRENT PERIOD	SIMILAR PERIOD FOR PREVIOUS YEAR	%CHANGE
Total Share Holders Equity (after Deducting Minority Equity)	3,262	3,449	-5.421
Profit (Loss) per Share	0.62	1.21
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	The decrease in net profit during the current quarter compared to the same quarter of the previous year is due to:Decrease of sales revenue due to lower demand and decrease of other revenues with an increase in general and administration expenses
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is	The decrease in net profit during the current quarter compared to the previous quarter is due to:increase of cost of goods sold with a decrease of the other revenues.
Statement of the type of external auditor’s report	Unmodified conclusion
Reclassification of Comparison Items	Not applicable
Additional Information	1- Total sales revenues during the current quarter amounted to 330 million SAR, compared to 439 million SAR for the same quarter of the previous year.2- The total shareholders’ equity (there is no minority interest) as on March 31, 2022 amounted to 3,262 million SAR, compared to 3,449 million SAR as on March 31, 2021 3- The total comprehensive income for the current quarter amounted to 87 million, compared to 169 million for the same quarter of the previous year. 4- The statement of financial position data as of December 31, 2021 and the statement of profit or loss and other comprehensive for the three-month period ending on March 31, 2021 have been re-presented in line with the requirements of IAS (8) “Change in Accounting Policies, Change in Accounting Estimates and Accounting Errors” in order to recalculate the accrual of limestone extraction expense for the Ministry of Industry and Mineral Resources. 5- Basic earnings per share is calculated based on the profit distributable to shareholders for ordinary shares and using the weighted average for the number of ordinary shares outstanding at the date of the financial statements.

Southern Province Cement Co. announces its Annual Financial Results for the Period Ending on 2021-12-31

Wed, 09 Mar 2022 09:12:00 +0000

ELEMENT LIST	CURRENT YEAR	PREVIOUS YEAR	%CHANGE
Sales/Revenue	1,339	1,653	-18.995
Gross Profit (Loss)	526	679	-22.533
Operational Profit (Loss)	464	628	-26.114
Net Profit (Loss) after Zakat and Tax	450	609	-26.108
Total Comprehensive Income	453	603	-24.875
Total Share Holders Equity (after Deducting Minority Equity)	3,207	3,280	-2.225
Profit (Loss) per Share	3.22	4.35
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT LIST	EXPLANATION
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The decrease in net profit for the current year compared to the previous year is due to:Decreased sales revenue due to a decrease in the quantity of sales with an increase in general and administrative expenses
Statement of the type of external auditor’s report	Unmodified opinion
Reclassification of Comparison Items	Some of the comparison figures have been reclassified for the year 2020 to fit the presentation of the figures for the year 2021
Additional Information	1- Total sales revenue at the end of the current year amounted to 1,339 million riyals, compared to 1,653 million riyals at the end of the previous year.2- The total shareholders’ equity (there are no minority rights) at the end of the current year amounted to 3,207 million riyals, compared to 3,280 million riyals at the end of the previous year. 3- The total comprehensive income for the current year amounted to 453 million compared to 603 million for the previous year. 4- Basic earnings per share is calculated based on the distributable profit for ordinary shares using the weighted average number of ordinary shares outstanding at the date of the financial statements.

Southern Province Cement Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )

Tue, 02 Nov 2021 09:03:00 +0000

ELEMENT LIST	CURRENT QUARTER	SIMILAR QUARTER FOR PREVIOUS YEAR	%CHANGE	PREVIOUS QUARTER	% CHANGE
Sales/Revenue	284	426	-33.333	287	-1.045
Gross Profit (Loss)	108	170	-36.47	111	-2.702
Operational Profit (Loss)	86	160	-46.25	98	-12.244
Net Profit (Loss) after Zakat and Tax	83	150	-44.666	95	-12.631
Total Comprehensive Income	83	150	-44.666	95	-12.631
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT LIST	CURRENT PERIOD	SIMILAR PERIOD FOR PREVIOUS YEAR	%CHANGE
Sales/Revenue	1,011	1,222	-17.266
Gross Profit (Loss)	408	515	-20.776
Operational Profit (Loss)	361	478	-24.476
Net Profit (Loss) after Zakat and Tax	353	468	-24.572
Total Comprehensive Income	353	468	-24.572
Total Share Holders Equity (after Deducting Minority Equity)	3,108	3,145	-1.176
Profit (Loss) per Share	2.52	3.34
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	The decrease in net profit during the current quarter compared to the same quarter of the previous year is due to:Decreased sales revenue due to lower demand and Decrease in other revenues with an increase in general and administrative expenses
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is	The decrease in net profit is during the current quarter compared to the previous quarter of the current year is due to:Decreased sales revenue due to lower demand with an increase in general and administrative expenses
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The decrease in net profit during the current period compared to the same period of the previous year is due to:Decreased sales revenue due to lower demand and Decrease in other revenues with an increase in general and administrative expenses
Statement of the type of external auditor’s report	Unmodified conclusion
Reclassification of Comparison Items	Some comparative figures for the nine-months period of 2020 have been reclassified to conform to the presentation for the nine-months period of 2021.
Additional Information	1- Total sales revenues during the current period amounted to 1,011 million riyals, compared to 1,222 million riyals for the same period of the previous year.2- The total shareholders’ equity (there are no minority interests) as on September 30, 2021 amounted to 3,108 million riyals, compared to 3,145 million riyals as on 30 September 2020. 3- The total comprehensive income for the current quarter of 2021 amounted to 83 million compared to 150 million for the same quarter of the previous year. 4- The total comprehensive income for the current period of 2021 amounted to 353 million compared to 468 million for the same period of the previous year. 5- Basic earnings per share is calculated based on the profit distributable to shareholders for ordinary shares and using the weighted average number of ordinary shares outstanding at the date of the financial statements.

Correction announcement from Southern Province Cement Co. in regards to Southern Province Cement Co. announces its Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months )

Thu, 12 Aug 2021 09:02:00 +0000

ELEMENT LIST	EXPLANATION
Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul’s Website	2021-08-11 Corresponding to 1443-01-03
URL of the Previous Announcement	Click Here
Incorrect statements in the previous announcement	1- It was mentioned that the net sales revenue for the current quarter is 278, and the percentage change from the same quarter is -17.994%, and the percentage change from the previous quarter is 36.674%.2- It was mentioned that the reason for the decrease in net profit during the current quarter compared to the same quarter of the previous year is due to the decrease in sales revenues by (17.99%) 3- It was mentioned that the reason for the decrease in net profit during the current quarter compared with the previous quarter is the decrease in sales revenues by (36.67%).
Correct Statement	1- Net sales revenue for the current quarter is 287, and the change from the same quarter is -15.339% and the change from the previous quarter is -34.624%2- The reason for the decrease in net profit during the current quarter compared to the same quarter of the previous year is due to the decrease in sales revenues by (15.34%) 3- The reason for the decrease in net profit during the current quarter compared to the previous quarter is due to the decrease in sales revenues by (34.62%).

Southern Province Cement Co. announces its Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months )

Wed, 11 Aug 2021 09:00:00 +0000

ELEMENT LIST	CURRENT QUARTER	SIMILAR QUARTER FOR PREVIOUS YEAR	%CHANGE	PREVIOUS QUARTER	% CHANGE
Sales/Revenue	278	339	-17.994	439	-36.674
Gross Profit (Loss)	111	152	-26.973	190	-41.578
Operational Profit (Loss)	98	137	-28.467	177	-44.632
Net Profit (Loss) after Zakat and Tax	95	135	-29.629	175	-45.714
Total Comprehensive Income	95	135	-29.629	175	-45.714
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT LIST	CURRENT PERIOD	SIMILAR PERIOD FOR PREVIOUS YEAR	%CHANGE
Sales/Revenue	727	797	-8.782
Gross Profit (Loss)	301	345	-12.753
Operational Profit (Loss)	275	319	-13.793
Net Profit (Loss) after Zakat and Tax	270	318	-15.094
Total Comprehensive Income	270	318	-15.094
Total Share Holders Equity (after Deducting Minority Equity)	3,120	3,310	-5.74
Profit (Loss) per Share	1.93	2.27
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	The decrease in net profit for the current quarter compared to the same quarter of the previous year is due to:1- A decrease in sales revenue by (17.99%) and a decrease in the quantity of sales by (17.25%). 2- Other income decreased by (44.41%).
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is	The decrease in net profit for the current quarter compared to the previous quarter of the current year is due to:1-Decrease in sales revenue by (36.67%). 2- Other income decreased by (71.79%)
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The decrease in net profit during the current period compared to the same period of the previous year is due to:1- Sales revenue decreased by (8.78%) 2- Decrease in other income by (49.82%) 3- Increase in Zakat provision by (94.54%)
Statement of the type of external auditor’s report	Unmodified conclusion
Reclassification of Comparison Items	Some comparative figures for the six-month period of 2020 have been reclassified to conform to the presentation for the six-month period of 2021.
Additional Information	1- Total sales revenues during the current period amounted to 727 million riyals, compared to 797 million riyals for the same period of the previous year, with a decrease of (8.78%).2- Total shareholders’ equity (there are no minority interests) during the current quarter amounted to 3,120 million riyals, compared to 3,310 million riyals for the same quarter of the previous year, with a decrease of (5.74%). 3- The total comprehensive income for the current quarter of 2021 amounted to 95 million compared to 135 million for the same quarter of the previous year, with a decrease of (29.63%). 4- Total comprehensive income for the current period of 2021 amounted to 270 million compared to 318 million for the same period, a decrease of (15.09%). 5- Basic earnings per share is calculated based on the profit distributable to shareholders for ordinary shares and using the weighted average number of ordinary shares outstanding at the date of the financial statements.

Southern Province Cement Co. announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )

Tue, 04 May 2021 08:55:00 +0000

ELEMENT LIST	CURRENT QUARTER	SIMILAR QUARTER FOR PREVIOUS YEAR	%CHANGE	PREVIOUS QUARTER	% CHANGE
Sales/Revenue	439	457	-3.938	431	1.856
Gross Profit (Loss)	190	193	-1.554	163	16.564
Operational Profit (Loss)	177	181	-2.209	150	18
Net Profit (Loss) after Zakat and Tax	175	183	-4.371	141	24.113
Total Comprehensive Income	175	183	-4.371	141	24.113
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT LIST	CURRENT PERIOD	SIMILAR PERIOD FOR PREVIOUS YEAR	%CHANGE
Total Share Holders Equity (after Deducting Minority Equity)	3,455	3,490	-1.002
Profit (Loss) per Share	1.25	1.31
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	The decrease in net profit for the current quarter compared to the same quarter of the previous year is due to:1- A decrease in sales revenues by (3.94%) and a decrease in the amount of sales by (1.75%). 2- An increase in general and administrative expenses by (14.41%) 3- Decrease in other miscellaneous income by (51.16%)
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is	The increase in net profit is due to the current quarter compared to the previous quarter of the current year1- An increase in sales revenue by (1.98%) and a decrease in cost of sales by (6.69%). 2- Increase in other income by (108%).
Statement of the type of external auditor’s report	Unmodified conclusion
Reclassification of Comparison Items	Some of the comparative figures have been reclassified for the three-month period of 2020 to conform to the presentation of the three-month figures of 2021.
Additional Information	1-Total sales during the current quarter amounted to 439 million riyals compared to 457 million riyals for the same quarter of the previous year, with a decrease of (3.94%)2-The total shareholders’ equity (no minority rights) during the current quarter amounted to 3,455 million riyals, compared to 3,490 million riyals for the same quarter of the previous year, with a decrease of (1%). 3-Total comprehensive income for the current quarter amounted to 175 million, compared to 183 million for the same quarter of the previous year, with a decrease of (4.37%). 4-Total comprehensive income for the current quarter amounted to 175 million, compared to 141 million for the previous quarter, an increase of (24.11%) 5-Basic earnings per share is calculated based on the distributable profit for ordinary shares using the weighted average number of ordinary shares outstanding at the date of the financial statements.

Southern Province Cement Co. announces its Annual Financial Results for the Period Ending on 2020-12-31

Thu, 04 Mar 2021 08:26:00 +0000

ELEMENT LIST	CURRENT YEAR	PREVIOUS YEAR	%CHANGE
Sales/Revenue	1,653	1,300	27.153
Gross Profit (Loss)	679	538	26.208
Operational Profit (Loss)	628	483	30.02
Net Profit (Loss) after Zakat and Tax	609	463	31.533
Total Comprehensive Income	603	457	31.947
Total Share Holders Equity (after Deducting Minority Equity)	3,280	3,306	-0.786
Profit (Loss) per Share	4.35	3.31
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT LIST	EXPLANATION
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 for the current year compared to the previous year is due to:1- Increase in sales revenue for the current year by 27.15% compared to the previous year, and the quantities of sales for the current year increased by 23.70% compared to the previous year. 2- A decrease in financing costs for the current year by (23.31%) compared to the previous year. 3- Increase in other miscellaneous revenues for the current year by (92.59%) compared to the previous year
Statement of the type of external auditor’s report	Unmodified opinion
Reclassification of Comparison Items	Some of the comparison figures have been reclassified for the year 2019 AD to fit the presentation of the figures for the year 2020 AD
Additional Information	1- Total shareholders’ equity (no minority rights) at the end of the current year amounted to 3,280 million riyals, compared to 3,306 million riyals at the end of the previous year, with a decrease of (0.79) %.2- Total comprehensive income for the current year amounted to 603 million compared to 457 million for the previous year, with an increase of 31.95%. 3- Basic earnings per share is calculated based on the distributable profit for ordinary shares using the weighted average number of ordinary shares outstanding at the date of the financial statements.

Southern Province Cement Co. announces its Interim Financial Results for the Period Ending on 2020-09-30 ( Nine Months )

Tue, 03 Nov 2020 08:15:00 +0000

ELEMENT LIST	CURRENT QUARTER	SIMILAR QUARTER FOR PREVIOUS YEAR	%CHANGE	PREVIOUS QUARTER	% CHANGE
Sales/Revenue	426	286	48.951	339	25.663
Gross Profit (Loss)	170	108	57.407	152	11.842
Operational Profit (Loss)	160	96	66.666	137	16.788
Net Profit (Loss) after Zakat and Tax	150	90	66.666	135	11.111
Total Comprehensive Income	150	90	66.666	135	11.111
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT LIST	CURRENT PERIOD	SIMILAR PERIOD FOR PREVIOUS YEAR	%CHANGE
Sales/Revenue	1,222	904	35.176
Gross Profit (Loss)	515	358	43.854
Operational Profit (Loss)	478	319	49.843
Net Profit (Loss) after Zakat and Tax	468	301	55.481
Total Comprehensive Income	468	301	55.481
Total Share Holders Equity (after Deducting Minority Equity)	3,145	3,150	-0.158
Profit (Loss) per Share	3.34	2.15
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT LIST	EXPLANATION
Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to	No English translation, kindly refer to the Arabic version
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to	No English translation, kindly refer to the Arabic version
Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed to	No English translation, kindly refer to the Arabic version
Basis of the External Auditor’s Opinion	Unmodified opinion
Reclassification of Comparison Items	No English translation, kindly refer to the Arabic version
Additional Information	No English translation, kindly refer to the Arabic version

Southern Province Cement Co. announces its Interim Financial Results for the Period Ending on 2020-06-30 ( Six Months )

Mon, 10 Aug 2020 08:08:00 +0000

ELEMENT LIST	CURRENT QUARTER	SIMILAR QUARTER FOR PREVIOUS YEAR	%CHANGE	PREVIOUS QUARTER	% CHANGE
Sales/Revenue	339	276	22.826	457	-25.82
Gross Profit (Loss)	152	113	34.513	193	-21.243
Operational Profit (Loss)	137	98	39.795	181	-24.309
Net Profit (Loss) after Zakat and Tax	135	91	48.351	183	-26.229
Total Comprehensive Income	135	91	48.351	183	-26.229
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT LIST	CURRENT PERIOD	SIMILAR PERIOD FOR PREVIOUS YEAR	%CHANGE
Sales/Revenue	797	618	28.964
Gross Profit (Loss)	345	250	38
Operational Profit (Loss)	319	223	43.049
Net Profit (Loss) after Zakat and Tax	318	211	50.71
Total Comprehensive Income	318	211	50.71
Total Share Holders Equity (after Deducting Minority Equity)	3,310	3,235	2.318
Profit (Loss) per Share	2.27	1.5
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT LIST	EXPLANATION
Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to	No English translation, kindly refer to the Arabic version
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to	No English translation, kindly refer to the Arabic version
Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed to	No English translation, kindly refer to the Arabic version
Basis of the External Auditor’s Opinion	Unmodified opinion
Reclassification of Comparison Items	No English translation, kindly refer to the Arabic version
Additional Information	No English translation, kindly refer to the Arabic version

Southern Province Cement Co. announces its Interim Financial Results for the Period Ending on 2020-03-31 ( Three Months )

Sun, 17 May 2020 08:05:00 +0000

ELEMENT LIST	CURRENT QUARTER	SIMILAR QUARTER FOR PREVIOUS YEAR	%CHANGE	PREVIOUS QUARTER	% CHANGE
Sales/Revenue	457	342	33.625	397	15.113
Gross Profit (Loss)	193	137	40.875	179	7.821
Operational Profit (Loss)	181	126	43.65	164	10.365
Net Profit (Loss) after Zakat and Tax	183	120	52.5	162	12.962
Total Comprehensive Income	183	120	52.5	157	16.56
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT LIST	CURRENT PERIOD	SIMILAR PERIOD FOR PREVIOUS YEAR	%CHANGE
Total Share Holders Equity (after Deducting Minority Equity)	3,490	3,284	6.272
Profit (Loss) per Share	1.31	0.86
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT LIST	EXPLANATION
Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to	No English translation, kindly refer to the Arabic version
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to	No English translation, kindly refer to the Arabic version
Basis of the External Auditor’s Opinion	Unmodified opinion
Reclassification of Comparison Items	No English translation, kindly refer to the Arabic version
Additional Information	No English translation, kindly refer to the Arabic version