Al Abdullatif Industrial Investment Co. announces its interim Financial results for the period ending on 2019-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 168.85 | 163.57 | 3.227 | 154.4 | 9.358 |
| Total Profit (Loss) | 16.43 | 18.32 | -10.316 | 12.69 | 29.472 |
| Profit (Loss) Operational | 7.11 | 10.46 | -32.026 | 4.23 | 68.085 |
| Net Profit (Loss) after Zakat and Tax | 3.38 | 7.27 | -53.507 | -3.79 | - |
| Total Comprehensive Income | 3.38 | 7.27 | -53.507 | 0.03 | 11,166.666 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Share Holders Equity (after deducting minority equity) | 1,187.28 | 1,220.87 | -2.751 |
| Profit (Loss) per Share | 0.04 | 0.09 | |
| 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 decrease in gross profit, operating profit , net profit and comprehensive income for the current quarter,2019 compared to the same quarter,2018 are due to: 1 - The high cost of sales attributable to sales despite the limited increase in the value of sales 2. Increase in general and administrative expenses 3. Increase in financing expenses 4. Increase in selling expenses. |
| Reason for increase (decrease) in net profit for current quarter compared to the previous quarter | The reasons for the increase in gross profit, operating profit , net profit and comprehensive income for the current quarter,2019 compared to the previous quarter 2018 are due to:
1. Increase in sales value. 2. Lower cost of sales attributable to sales. 3. Decrease in Zakat provision. |
| Type of the external auditor's opinion | Unmodified opinion |
| Reclassifications in quarter financial result | Certain comparative figures have been reclassified to conform to the current year classification |
| Additional Information | 1. The Company adopted IFRS 16 effective from January 1, 2019. The first application resulted at that date Prove the right to use additional assets and lease liabilities. The effect of applying the Standard on retained earnings was SAR 0.93 million.
2. There are no minority rights in the financial statements. |
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