All figures are in (Millions) Saudi Arabia, Riyals
Element List
Current Period
Similar period for previous year
%Change
Sales/Revenue
473.9
371.1
27.701
Total Profit (Loss)
11.9
45.2
-73.672
Profit (Loss) Operational
-13.4
26.8
-
Net Profit (Loss) after Zakat and Tax
-33.6
7.3
-
Total Comprehensive Income
-33.6
7.3
-
Total Share Holders Equity (after deducting minority equity)
588.1
623.7
-5.707
Profit (Loss) per Share
-0.84
0.18
All figures are in (Millions) Saudi Arabia, Riyals
Accumulated Losses
Capital
Percentage %
2,807,000
400,000,000
0.71
Element List
Explanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year
The reason for the increase in the net loss for the current quarter compared to the comparable quarter of the previous year despite the increase in sales due to increase in prices of raw materials and delays in the delivery of some projects, which affected the cost and productivity of Jubail plant
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter
The increase in losses in this quarter compared with the previous quarter is due to the decrease in gross profit margin as a result of increase in the cost of sales due to increase in raw materials prices .
Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year
The reason for the increase in losses during the current period compared to the same period of the previous year, despite the rise in sales to the high costs of sales as the prices of raw materials increased during the last period, which led to a decrease in gross profit margin in addition to the increase in general ,selling, and administrative expenses compared to the previous year.
Type of the external auditor's opinion
Unmodified opinion
External auditor's report containing reservation
NA
Reclassifications in quarter financial result
The Items, elements and notes of the comparatives principles and notes of the comparatives Condensed Financial Statements have been restated and reclassified to meet with the applicable accounting policies for the current period which have been prepared in accordance with the International Financial Reporting Standards (IFRS) that are approved in the Kingdom of Saudi Arabia. in the Interim Financial Statements for the current period
Comments