QCC announces its interim consolidated financial results for the period ended 31/12/2012
- Qassim Cement Company posted a net profit of SAR 143,027,693 for the fourth quarter of 2012 compared to SAR 146,099,886 for the same quarter of the previous year, which shows a decrease of 2.10% and a growth of 29.52% against the posted net profit of SAR 110,513,776 during the previous third quarter of the current year 2012.
- The gross profit during the fourth quarter is SAR 160,614,837 compared to SAR 165,367,112 for the corresponding period last year, which shows a decrease of 2.87%.
- The operating profit during the fourth quarter is SAR 150,971,804 compared to SAR 156,019,422 for the corresponding quarter last year, which shows a decrease of 3.24%.
- The net profit in twelve months was posted at SAR 560,965,492 compared to SAR 552,900,137 for the same period of the previous year which shows an increase of 1.46%.
- The Earnings per share (EPS) for the twelve months amounted to SAR 6.23 against SAR 6.14 for the same period of the previous year.
- The gross profit during the twelve months was posted at SAR 613,928,587 compared to SAR 609,247,967 for the same period last year, which shows an increase of 0.77%.
- The operating profit during the twelve months was posted at SR 579,743,260 compared to SAR 571,757,280 for the same period of the previous year, showing an increase of 1.40%.
- The reason for the decline in net profit during the fourth quarter over the same period last year was due to lower sales value.
- The reason for the rise in net profit during the twelve months period over the same period last year was due to increase in sales value.
- The reason for the growth in net profit of the fourth quarter compared to the previous third quarter is due to the observance of Ramadan and Eid Al-Fitr holiday which has affected the third quarter sales.
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Qassim Cement produces more than 4 million metric tons of high-quality cement and superior performance. Our professional human capital is employed in our advanced factory that works to achieve the goal of providing high quality products to our customers.
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Qassim Cement Co.| Building No: 4266 | Unit Number: 1 | Buraidah: 52271 - 6735 | Kingdom of Saudi Arabia
Phone : (+966) 16 316-5555
Fax : (+966) 16 381-6041
Email : qcc@qcc.com.sa
