The National Company for Glass Industries (Zoujaj) announces its Interim Financial Results for the Period Ending on 2020-03-31 ( Three Months )

07 May 2020 03:04 PM

ZOUJAJ 2150 0.64% 31.30 0.20

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	22.1	26	-14.999	16.3	35.582
Gross Profit (Loss)	2.5	6.5	-61.538	-0.4	-
Operational Profit (Loss)	-1	2.9	-	-3.6	-72.222
Net Profit (Loss) after Zakat and Tax	2.3	4.6	-50	-26.5	-
Total Comprehensive Income	2.3	4.6	-50	-27.2	-
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)	595.5	655.1	-9.097
Profit (Loss) per Share	0.07	0.14
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to	The reason for the decrease in net profit is due to operating losses from the glass container business due to the decrease in sales. The reason is also due to the decrease in the company's share of profits of associates operating in flat glass activity due to lower sales.
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to	The reason for the increase in net profit is due to the increase in sales in the glass container business in the current quarter compared to the previous quarter. Note that the results of the previous quarter include non-recurring expenses represented in writing off debts on the associate (Sanlec) in the previous quarter with a value of 20.3 million SR and writing off damaged inventory of the Dammam plant stopped in the previous quarter with an amount of 6.6 million SR
Basis of the External Auditor's Opinion	Unmodified opinion
Reclassification of Comparison Items	The comparative figures have been reclassified to conform to the presentation in the current period
Additional Information	Earnings per share is based on the weighted average number of 32,900,000 shares for the current quarter as well as the same quarter for the previous year

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