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Al Abdullatif Industrial Investment Co. announces its interim Financial results for the period ending on 2019-06-30 ( Six Months )

ALABDULLATIF 2340 -0.14% 14.36 -0.02
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 172.9 155.6 11.118 168.85 2.398
Total Profit (Loss) 18.79 12.53 49.96 16.43 14.363
Profit (Loss) Operational 8.83 4.71 87.473 7.11 24.191
Net Profit (Loss) after Zakat and Tax 4.12 2.84 45.07 3.38 21.893
Total Comprehensive Income 4.12 2.84 45.07 3.38 21.893
All figures are in (Millions) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 341.75 319.17 7.074
Total Profit (Loss) 35.22 30.86 14.128
Profit (Loss) Operational 15.94 15.17 5.075
Net Profit (Loss) after Zakat and Tax 7.51 10.1 -25.643
Total Comprehensive Income 7.51 10.1 -25.643
Total Share Holders Equity (after deducting minority equity) 1,171.09 1,183.08 -1.013
Profit (Loss) per Share 0.09 0.12
All figures are in (Millions) Saudi Arabia, Riyals
Element List Explanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year The increase in net profit, gross profit and operating profit during the quarter compared to the same quarter of the previous year is due to: A - Sales increase 2 - Lower cost of materials attributed to sales and generally lower cost of sales attributed to sales , despite the increase in general and administrative expenses ,Financing and marketing expenses
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter The increase in net profit, gross profit and operating profit during the quarter compared to the previous quarter is due to:1 - Increase in sales 2 - the decrease in the cost of materials attributable to sales , in general, the lower cost of sales attributable to sales, despite the increase in marketing expenses
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 gross profit and operating profit during the current period compared to the same period of the previous year is due to:1 - The increase in sales b - Lower cost of materials attributed to sales and generally lower cost of sales attributed to sales, despite the increase in general and administrative expenses, and marketing expenses. The reasons for the decrease in net profit and comprehensive profit are as follows: 1. Decrease in other income 2. Increase in financing expenses 3. Increase 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. There are no minority rights in the financial statements.

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