Saudi Advanced Industries Co. announces its Interim Financial Results for the Period Ending on 2020-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 10.72 | 6.04 | 77.483 | 4.45 | 140.898 |
| Gross Profit (Loss) | 10.72 | 6.04 | 77.483 | 4.45 | 140.898 |
| Operational Profit (Loss) | 8.68 | 4.53 | 91.611 | 1.36 | 538.235 |
| Net Profit (Loss) after Zakat and Tax | 8.35 | 4.13 | 102.179 | -3.47 | - |
| Total Comprehensive Income | -46.23 | 43.34 | - | 5.4 | - |
| 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) | 753.09 | 824.97 | -8.713 |
| Profit (Loss) per Share | 0.17 | 0.08 | |
| 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 Increase in net profit for current quarter compared to the same quarter of the previous year is due to:
Increase in revenues due to increase in dividends distribution, although decrease in company shares from subsidiaries profits and losses of selling financial assets at fair value through profit and loss, and increase in other income and decrease in Financial costs, although there is increase in General and administrative expenses, Zakat expenses during current quarter compared to the same quarter of the previous year. |
| Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to | The Increase in net profit for current quarter compared to the previous quarter is due to:
Increase in revenues due to increase in company shares from subsidiaries profits and dividends distribution, although losses of selling financial assets at fair value through profit and loss, and decrease in General and administrative expenses, Financial costs, and write off dividends due from one of the company’s investments in previous quarter, although there is decrease in other revenue and increase in zakat expenses during current quarter Compared to the previous quarter. Taking into account that Q4 2019 (previous quarter) report has not issued. However, a 2019 financial year-end report used to calculate it by subtracting from the period of 9 months as of 30 September 2019. |
| Basis of the External Auditor's Opinion | Unmodified opinion |
| Reclassification of Comparison Items | There is no |
| Additional Information | Total shareholders ' equity (no minority interest) as at the end of current quarter amount 753.09 million compared to amount 824.92 million at the end of the same quarter of the previous year, with a decrease of 8.71%. |
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