Al Abdullatif Industrial Investment Co. announces its Interim Financial Results for the Period Ending on 2020-06-30 ( Six Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 81.86 | 172.9 | -52.654 | 133.35 | -38.612 |
| Gross Profit (Loss) | -3.53 | 18.79 | - | 5.59 | - |
| Operational Profit (Loss) | -9.16 | 9.98 | - | -0.39 | 2,248.717 |
| Net Profit (Loss) after Zakat and Tax | -13.03 | 4.12 | - | -7.73 | 68.564 |
| Total Comprehensive Income | -13.03 | 4.12 | - | -7.73 | 68.564 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 215.21 | 341.75 | -37.027 |
| Gross Profit (Loss) | 2.05 | 35.22 | -94.179 |
| Operational Profit (Loss) | -9.56 | 18.87 | - |
| Net Profit (Loss) after Zakat and Tax | -20.76 | 7.51 | - |
| Total Comprehensive Income | -20.76 | 7.51 | - |
| Total Share Holders Equity (after Deducting Minority Equity) | 1,128.07 | 1,171.09 | -3.673 |
| Profit (Loss) per Share | -0.26 | 0.09 | |
| 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 gross profit, operating profit, net profit and total comprehensive income during the current quarter compared to the same quarter of the previous year is due to:-
A- The sharp decrease in sales as a result of the decrease in demand for products. B- The increase in total expenses attributed to sales. C- The increase in the cost of sales attributed to sales. |
| Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to | The reason for the (decrease) in gross profit and the increase in (operating loss, net loss for the quarter, and total loss of comprehensive income) during the current quarter compared to the previous quarter of the current year is due to:-
A - The sharp decrease in sales. B - The increase in total expenses attributed to sales. C - The increase in the cost of sales attributed to sales. |
| Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed to | The reason for (decrease) in gross profit, operating profit, net profit and total comprehensive income during the current period compared to the same period of the previous year is due to:-
A - The sharp decrease in sales as a result of the decrease in demand for products. B - The decrease in the profit margin on products due to strong competition in local and foreign markets. C - Losses of investments at fair value. D - Decrease in operational capacity for manufacturing and increase in unused fixed operating costs, causing an increase in the cost of sales attributed to sales. |
| 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 | 1 - There are no minority rights in the financial statements.
2 - The external auditor reviewed the financial statements and issued an unmodified opinion review report. |
Comments