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Al Abdullatif Industrial Investment Co. announces its Interim Financial Results for the Period Ending on 2020-03-31 ( Three Months )

ALABDULLATIF 2340 18.94% 17.08 2.72
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 133.35 168.85 -21.024 124.91 6.756
Gross Profit (Loss) 5.59 16.43 -65.976 -6.36 -
Operational Profit (Loss) -2.09 7.11 - -16.69 -87.477
Net Profit (Loss) after Zakat and Tax -7.73 3.38 - -21.38 -63.844
Total Comprehensive Income -7.73 3.38 - -24.46 -68.397
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) 1,141.1 1,187.28 -3.889
Profit (Loss) per Share -0.1 0.04
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 reasons for the decrease in gross profit, operating profit, net profit and comprehensive profit for the current quarter compared to the same quarter 2019 are due to: 1- Decrease in sales 2- Increase in cost of sales attributable to sales. 3- Investment losses in shares at fair value.
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to The reasons for the increase in gross profit during the current quarter compared to the previous quarter are due to 1- Increased sales 2- Decreased cost of sales attributable to sales as well as a decrease in the cost of materials attributable to sales.

The reasons for lower operating loss, lower net loss, and lower comprehensive income losses are due to:1- Decrease in selling expenses 2- Decrease in Zakat provision 3- Decrease in financing expenses 4- Calculate fair value investment losses and actuarial losses at the end of the previous quarter.

Basis of the External Auditor's Opinion Unmodified opinion
Reclassification of Comparison Items Certain comparative figures have been reclassified to conform with the presentation in the current period.
Additional Information There is no minority rights

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