Yamama Cement says retained earnings down after IFRS implementation

  • YC(0.16%)
18/04/2017 Argaam

Yamama Cement Company’s implementation of the International Financial Reporting Standards (IFRS) has resulted in a SAR 312 million decrease in retained earnings, the company said in a statement to Tadawul on Tuesday.

 

Valuating the company’s fixed assets after relocating its headquarters resulted in the decrease in the retained earnings, the statement added. 

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.