Saudi Advanced Industries Co. announces its Interim Financial Results for the Period Ending on 2022-03-31 ( Three Months )
- Date : 2022-05-12
| ELEMENT LIST | CURRENT QUARTER | SIMILAR QUARTER FOR PREVIOUS YEAR | %CHANGE | PREVIOUS QUARTER | % CHANGE |
|---|---|---|---|---|---|
| Sales/Revenue | 34.44 | 19.69 | 74.911 | 26.57 | 29.619 |
| Gross Profit (Loss) | 34.44 | 19.69 | 74.911 | 26.57 | 29.619 |
| Operational Profit (Loss) | 31 | 17.54 | 76.738 | 24.03 | 29.005 |
| Net Profit (Loss) after Zakat and Tax | 30.94 | 17.05 | 81.466 | 25.62 | 20.765 |
| Total Comprehensive Income | 30.04 | 39.59 | -24.122 | 16.17 | 85.776 |
| 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) | 967.97 | 879.35 | 10.077 |
| Profit (Loss) per Share | 0.62 | 0.34 | |
| 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 Increase in net profit for current quarter compared to the same quarter of the previous year is due to:
Increase in revenues due to increase in company shares from subsidiaries profits and increase in dividends distribution, and there is decrease in zakat expenses, although there is increase in general and administrative expenses and decrease in other income 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 Increase in net profit for current quarter compared to the previous quarter is due to:
Increase in revenues due to increase in company shares from subsidiaries profits and increase in dividends distribution and, although there is increase in general and administrative expenses and increase in zakat expenses and decrease in other income during current quarter compared to the previous quarter. |
| Statement of the type of external auditor’s report | Unmodified conclusion |
| Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion | there is no |
| Reclassification of Comparison Items | there is no |
| Additional Information | Total shareholders ‘ equity (no minority interest) as at the end of current quarter amount 967.97 million compared to amount 879.35 million at the end of the same quarter of the previous year, with an increase of 10.08%. |