Saudi Advanced Industries Co. announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )
- Date : 2022-08-23
| ELEMENT LIST | CURRENT QUARTER | SIMILAR QUARTER FOR PREVIOUS YEAR | %CHANGE | PREVIOUS QUARTER | % CHANGE |
|---|---|---|---|---|---|
| Sales/Revenue | 31.09 | 19.34 | 60.75 | 34.44 | -9.73 |
| Gross Profit (Loss) | 31.09 | 19.34 | 60.75 | 34.44 | -9.73 |
| Operational Profit (Loss) | 27.45 | 17.17 | 59.87 | 31 | -11.45 |
| Net Profit (Loss) after Zakat and Tax | 27.32 | 16.79 | 62.72 | 30.94 | -11.7 |
| Total Comprehensive Income | -30.81 | 28.94 | – | 30.04 | – |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| ELEMENT LIST | CURRENT PERIOD | SIMILAR PERIOD FOR PREVIOUS YEAR | %CHANGE |
|---|---|---|---|
| Sales/Revenue | 65.53 | 39.03 | 67.9 |
| Gross Profit (Loss) | 65.53 | 39.03 | 67.9 |
| Operational Profit (Loss) | 58.45 | 34.72 | 68.35 |
| Net Profit (Loss) after Zakat and Tax | 58.26 | 33.84 | 72.16 |
| Total Comprehensive Income | -0.77 | 68.53 | – |
| Total Share Holders Equity (after Deducting Minority Equity) | 899.66 | 895.78 | 0.43 |
| Profit (Loss) per Share | 1.17 | 0.68 | |
| 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 decrease in zakat expenses, although there is an increase in general and administrative expenses and increase in financial cost and decrease in other revenues 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 quarter 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 company shares from subsidiaries profits although there is increase in dividends distribution and increase in general and administrative expenses and increase in financial cost and increase 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 and increase in dividends distribution, and decrease in zakat expenses, although there is an increase in general and administrative expenses and increase in financial cost and decrease in other revenues during current period compared to the similar period of the previous year. |
| 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 period amount 899.66 million compared to amount 895.78 million at the end of the same period of the previous year, with an increase of 0.43% |