National Metal Manufacturing and Casting Co. announces its Interim Financial Results for the Period Ending on 2020-06-30 ( Six Months )

19 August 2020 03:28 PM

MAADANIYAH 2220 13.23% 18.32 2.14

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	37.82	65.82	-42.54	79.55	-52.457
Gross Profit (Loss)	2.08	5.97	-65.159	3.36	-38.095
Operational Profit (Loss)	-5.77	-1.73	233.526	-5.51	4.718
Net Profit (Loss) after Zakat and Tax	-7.71	-4.1	88.048	-7.46	3.351
Total Comprehensive Income	-7.71	-4.1	88.048	-7.46	3.351
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	117.37	146.52	-19.894
Gross Profit (Loss)	5.7	15.26	-62.647
Operational Profit (Loss)	-11.28	0.49	-
Net Profit (Loss) after Zakat and Tax	-15.17	-4.29	253.613
Total Comprehensive Income	-15.17	-4.29	253.613
Total Share Holders Equity (after Deducting Minority Equity)	293.34	368.48	-20.391
Profit (Loss) per Share	-0.54	-0.15
All figures are in (Millions) Saudi Arabia, Riyals

	Accumulated Losses	Capital	Percentage %
	14.95	281.12	5.1
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 increase losses during current quarter compare to same quarter last year are decrease in sales , increase expenses of selling and distributing due to provision for doubtful accounts and decrease in other income.
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to	Reasons for the increase in losses for current quarter compare to previous quarter are decrease in sales and increase in general and administrative expenses.
Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed to	Reasons for the losses during the current period compare to same period last year are decrease in sales, increase in selling and distributing during previous quarter due to increase in shipping cost to USA, increase in provision for doubtful accounts and decrease in other income.
Basis of the External Auditor's Opinion	Unmodified opinion
Reclassification of Comparison Items	No reclassification.
Additional Information	The reasons of decrease in sales during the current quarter and current period is due to the Corona pandemic (Covid-19) and the measures taken to limit the breakout the virus.

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