Saudi Advanced Industries Co. announces the estimated financial results for the Period Ending on 2024-09-30 ( Nine Months )

• Date : 2024-10-13

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	80.77	46.03	75.472	119.6	-32.466
Gross Profit (Loss)	80.77	46.03	75.472	119.6	-32.466
Operational Profit (Loss)	73.31	40.86	79.417	114.85	-36.168
Net profit (Loss)	68.29	38.94	75.372	108.52	-37.071
Total Comprehensive Income	67.35	39.06	72.427	107.93	-37.598
All figures are in (Millions) Saudi Arabia, Riyals

 

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	322.26	124.97	157.869
Gross Profit (Loss)	322.26	124.97	157.869
Operational Profit (Loss)	300.36	114.09	163.265
Net profit (Loss)	285.53	111.17	156.84
Total Comprehensive Income	283.68	118.44	139.513
Total Shareholders Equity (after Deducting Minority Equity)	1,220.09	962.45	26.769
Profit (Loss) per Share	4.84	1.88
All figures are in (Millions) Saudi Arabia, Riyals

 

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	–	–
All figures are in (Millions) Saudi Arabia, Riyals

 

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is	The reason for the increase in revenue during the current quarter compared to the same quarter of the previous year is due to increase in net profit from financial assets at fair value through profit or loss, in spite of decrease in profits from selling shares in associated companies and decrease in dividends earned and decrease in company share of associate companies’ profits.
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 reason for the increase in net profit during the current quarter compared to the same quarter of the previous year is due to the increase in revenue, in spite of increase in general and administrative expenses and increase in financing costs and increase in zakat expenses.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The reason for the decrease in revenue during the current quarter compared to the previous quarter is due to decrease in company share of associate companies’ profits and decrease in profits from selling shares in associated companies and decrease in dividends earned, in spite of increase in net profit from financial assets at fair value through profit or loss.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The reason for the decrease in net profit during the current quarter compared to the previous quarter is due to decrease in revenue and increase in general and administrative expenses and increase in financing costs, in spite of decrease in zakat expenses
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is	The reason for the increase in revenue during the current period compared to the same period of the previous year is due to increase in net profit from financial assets at fair value through profit or loss and increase in profits from selling shares in associated companies, in spite of decrease in dividends earned and decrease in company share of associate companies’ profits.
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 reason for the increase in net profit during the current period compared to the same period of the previous year is due to increase in revenue, in spite of increase in general and administrative expenses and increase in financing costs and increase in zakat expenses.
Statement of the type of external auditor’s report	Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)	These estimated financial results for the period ended on september 30, 2024, are prepared by the management of the Company and have not yet been reviewed by the external auditor.
Reclassification of Comparison Items	there is no
Additional Information	Earnings per share were adjusted due to a company starting to purchase treasury shares based on the approval of the extraordinary general assembly on January 25, 2023, as the company purchased 1 million shares and allocate them as treasury shares.