Saudi Advanced Industries Co. announces its Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months )
- Date : 2021-08-11
| ELEMENT LIST | CURRENT QUARTER | SIMILAR QUARTER FOR PREVIOUS YEAR | %CHANGE | PREVIOUS QUARTER | % CHANGE |
|---|---|---|---|---|---|
| Sales/Revenue | 19.34 | 6.71 | 188.226 | 19.69 | -1.777 |
| Gross Profit (Loss) | 19.34 | 6.71 | 188.226 | 19.69 | -1.777 |
| Operational Profit (Loss) | 17.17 | 4.95 | 246.868 | 17.54 | -2.109 |
| Net Profit (Loss) after Zakat and Tax | 16.79 | 4.7 | 257.234 | 17.05 | -1.524 |
| Total Comprehensive Income | 28.94 | 41.97 | -31.045 | 39.59 | -26.9 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| ELEMENT LIST | CURRENT PERIOD | SIMILAR PERIOD FOR PREVIOUS YEAR | %CHANGE |
|---|---|---|---|
| Sales/Revenue | 39.03 | 17.44 | 123.795 |
| Gross Profit (Loss) | 39.03 | 17.44 | 123.795 |
| Operational Profit (Loss) | 34.72 | 13.63 | 154.732 |
| Net Profit (Loss) after Zakat and Tax | 33.84 | 13.05 | 159.31 |
| Total Comprehensive Income | 68.53 | -4.25 | – |
| Total Share Holders Equity (after Deducting Minority Equity) | 895.78 | 795.07 | 12.666 |
| Profit (Loss) per Share | 0.68 | 0.26 | |
| 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 increase in net profit for current quarter compared to the same quarter of the previous year is due to:
-increase in revenue due to increase in company shares from subsidiaries profits and increase in dividends distribution and increase in other revenues, although there is a increase in general and administrative expenses and increase in zakat expenses during current quarter compared to the same quarter of the previous year. |
| 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 current quarter compared to the previous quarter is due to:
– decrease in revenue due to decrease in dividends distribution although there is increase in company shares from subsidiaries profits and increase in general and administrative expenses, although there is increase and other revenues and decrease in zakat expenses during current quarter compared to the previous quarter. |
| 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 Increase in net profit for current period compared to the similar period of the previous year is due to:
-increase in revenue due to increase in company shares from subsidiaries profits although there is decrease in dividends distribution and increase in other revenues and decrease in financial costs, although there is increase in general and administrative expenses and increase in zakat expenses during current period compared to the similar period of the previous year. |
| Statement of the type of external auditor’s report | Unmodified conclusion |
| Reclassification of Comparison Items | There is no |
| Additional Information | Total shareholders ‘ equity (no minority interest) as at the end of current period amount 895.78 million compared to amount 795.07 million at the end of the same period of the previous year, with an increase of 12.67% |