National Gas and Industrialization Co. announces its Interim Financial Results for the Period Ending on 2023-09-30 ( Nine Months
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 609.6 | 512.7 | 18.9 | 567.4 | 7.44 |
| Gross Profit (Loss) | 77.2 | 62.5 | 23.52 | 72.7 | 6.19 |
| Operational Profit (Loss) | 31.9 | 18.5 | 72.43 | 27.5 | 16 |
| Net Profit (Loss) after Zakat and Tax | 57.2 | 57 | 0.35 | 54.5 | 4.95 |
| Total Comprehensive Income | 15.9 | 40.8 | -61.03 | 19.1 | -16.75 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 1,792 | 1,509 | 18.75 |
| Gross Profit (Loss) | 240.2 | 211 | 13.84 |
| Operational Profit (Loss) | 109.8 | 77.4 | 41.86 |
| Net Profit (Loss) after Zakat and Tax | 184.7 | 159.4 | 15.87 |
| Total Comprehensive Income | 172.7 | 74.5 | 131.81 |
| Total Share Holders Equity (after Deducting Minority Equity) | 1,832.7 | 1,690.6 | 8.4 |
| Profit (Loss) per Share | 2.46 | 2.13 | |
| 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 by SR 0.2 million is mainly due to the followings:
- Increase in gross profit by SR 15 million as a result of the increase in revenues. - Increase in the share of results of associates by SR 2 million. - Increase in finance income by SR 1 million. Despite the: - Decrease in other income by SR 10 million. - Decrease in investments income by SR 7 million. - Increase operating expenses by SR 1 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 increase in net profit by SR 3 million is mainly due to the followings:
- Increase in gross profit by SR 4 million as a result of the increase in revenues. - Increase in other income by SR 8 million. - Increase in share of results of associates by SR 1 million.
Despite the decrease in investments income by SR 10 million. |
| 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 by SR 25 million is mainly due to the followings:
- Increase in gross profit by SR 29 million as a result of the increase in revenues. - Decrease in operating expenses by SR 3 million due to the decrease in selling and distribution expenses. - Increase in share of results of associates by SR 5 million. - Increase in finance income by SR 1 million. - Decrease in finance costs by SR 2 million.
Despite the decrease in: - Other income by SR 11 million. - Investments income by SR 5 million. |
| 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 | None |
| Reclassification of Comparison Items | Certain comparative figures have been modified and reclassified to conform to the current period's presentation. For more information refer to note (25) to the interim condensed consolidated financial statements |
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