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Al Abdullatif Industrial Investment Co. announces its interim Financial results for the period ending on 2018-10-31 ( Nine Months )

ALABDULLATIF 2340 -0.14% 14.36 -0.02

Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 147.62 98.04 50.571 155.6 -5.128
Total Profit (Loss) 14.42 14.56 -0.961 12.53 15.083
Profit (Loss) Operational 4.81 6.23 -22.792 4.71 2.123
Net Profit (Loss) after Zakat and Tax 1.72 3.4 -49.411 2.84 -39.436
Total Comprehensive Income 1.72 3.4 -49.411 2.84 -39.436
All figures are in (Millions) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 466.79 446.9 4.45
Total Profit (Loss) 45.28 68.14 -33.548
Profit (Loss) Operational 19.98 39.37 -49.25
Net Profit (Loss) after Zakat and Tax 11.82 29.17 -59.478
Total Comprehensive Income 11.82 29.17 -59.478
Total Share Holders Equity (after deducting minority equity) 1,184.8 1,212.48 -2.282
Profit (Loss) per Share 0.15 0.36
All figures are in (Millions) Saudi Arabia, Riyals
Accumulated Losses Capital Percentage %
0 812,500,000 0
Element List Explanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year The reasons for the decline in gross profit, operating profit, net profit and and comprehensive income during the current quarter compared with the same quarter are due to the increase in the cost of materials attributed to sales, in general the cost of sales attributed to sales, as well as the increase in administrative and general expenses, In addition to the increase in Zakat provision.
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter The reasons for the increase in gross profit and the increase in the net operating profit during the current quarter compared to the previous quarter are due to the decrease in the cost of materials attributed to the sales and in general the decrease in the cost of sales to sales, despite the increase in selling expenses and administrative and general expenses. The reasons for the decrease in net profit and comprehensive income during the current quarter compared with the previous quarter are due to the increase in Zakat provision and the slight increase in financing expenses, as well as the decrease in other revenues.
Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year The reasons for the decline in gross profit, operating profit, net profit and net comprehensive income during the current period compared to the corresponding period of the previous year are due to the increase in the cost of materials attributed to sales and in general the cost of sales attributed to sales, as well as the increase in administrative and general expenses, In addition to the increase in Zakat provision.
Type of the external auditor's opinion Unmodified opinion
Reclassifications in quarter financial result The Company has adopted the International Financial Reporting Standards (IFRS) effective 1 January 2017. Accordingly, some changes in the Company's financial statements have been made in a number of items in the measurement, recognition, presentation and disclosure method for the current and comparative periods in accordance with the accounting policies adopted by the Company in accordance with accounting standards and International Financial Reporting Standards approved by the Saudi Organization for Certified Public Accountants.
Additional Information There are no minority rights in Financial Statements
Attached Documents

AlAbdullatif Quarterly Financials Report Q3 2018

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