Alujain Corp. announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )

02 August 2023 08:49 AM

ALUJAIN 2170 6.66% 40.05 2.50

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	401.87	574.64	-30.07	397.06	1.21
Gross Profit (Loss)	78.88	144.29	-45.33	43.64	80.75
Operational Profit (Loss)	40.11	86.88	-53.83	10.42	284.93
Net Profit (Loss) after Zakat and Tax	16.83	62.97	-73.27	-7.2	-
Total Comprehensive Income	16.83	62.95	-73.26	-7.2	-
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	798.93	1,084.01	-26.3
Gross Profit (Loss)	122.52	304.41	-59.75
Operational Profit (Loss)	50.53	177.74	-71.57
Net Profit (Loss) after Zakat and Tax	9.63	118.75	-91.89
Total Comprehensive Income	9.63	118.74	-91.89
Total Share Holders Equity (after Deducting Minority Equity)	2,653.06	2,638.81	0.54
Profit (Loss) per Share	0.2	2.41
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 reason for the decrease in net profit during the current quarter compared to the same quarter of the previous year is due to the following main reasons: 1. Selling quantity decreased by 4% and selling prices decreased by 27.5% despite the lower cost of propane during the current quarter. 2. High financing cost 3. Decrease in other non-recurring income (Amounted to SR 22 Million)
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 reason for the increase in net profit during the current quarter compared to the previous quarter is due to the increase is due to Increase in sold quantities by 5% and decrease in propane cost by 18.4%.
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 decrease in net profit during the current quarter compared to the same quarter of the previous year is due to: 1. Sale prices reduced by 30% 2. High financing cost 3. Decrease in other income
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	Certain reclassifications were made in comparative numbers to conform to the current period.
Additional Information	NATPET results (current quarter): 1. NATPET sales during current quarter amounted to SR 397 Million, a decrease of 30% compared to the same quarter of previous year and an increase of 1.6% compared to the sales of previous quarter. 2. The net profit of NATPET during current quarter of amounted to SR 46.5 million: - An increase of 264% compared to the previous quarter, the increase is due to Increase in sold quantities by 5% and decrease in propane cost by 18.4%. - A decrease of 64%% as compared to the same quarter of previous year due to decrease in selling quantity by 4% and selling prices by 27.5% though there is a decrease in propane cost during this quarter. NATPET results (Current period): 1. NATPET’s sales for current period amounted to SR 788 million, a decrease of 27% compared to the sales of the same period of previous year. 2. NATPET’s net profit for the current period amounted to SR 59 million, as compared to SR 216 million for the same period of previous year with a decrease of 72.6%. The main reason of decrease is due to reduction in selling prices by 30%. 3. The production during the current period was higher by 9.3% as compared to the same period of last year. 4. NATPET earnings per share for the current period is SR 0.55 per share, as compared to SR 2.02 for the same period of the previous year. 5. NATPET retained earnings at the end of the current period amounted to SR 1,736 million compared to SR 1,848 million of the same period of the previous year. 6. Total shareholders 'equity of NATPET at the end of the current period amounted to SR 3,377 million compared to SR 3,691 million at the end of the same period of the previous year.

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