The National Company for Glass Industries announces its Interim Financial Results for the Period Ending on 2020-09-30 ( Nine Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 16.2 | 13.6 | 19.117 | 19 | -14.736 |
| Gross Profit (Loss) | 0.1 | -2.7 | - | 0.9 | -88.888 |
| Operational Profit (Loss) | -3.6 | -6.1 | -40.983 | -2.2 | 63.636 |
| Net Profit (Loss) after Zakat and Tax | 2.6 | -6.6 | - | -10.1 | - |
| Total Comprehensive Income | 2.6 | -6.6 | - | -10.1 | - |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 57.3 | 59.9 | -4.34 |
| Gross Profit (Loss) | 3.5 | 6 | -41.666 |
| Operational Profit (Loss) | -6.7 | -4.6 | 45.652 |
| Net Profit (Loss) after Zakat and Tax | -5.1 | -3.3 | 54.545 |
| Total Comprehensive Income | -5.1 | -3.3 | 54.545 |
| Total Share Holders Equity (after Deducting Minority Equity) | 586.4 | 621.1 | -5.586 |
| Profit (Loss) per Share | -0.16 | -0.1 | |
| 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 | reason for increase in net profit is due to:
(1) Decrease in Operating loss for glass containers due to higher sales and reduction in cost of sales.
(2) Increase in Associated company profit share operating in Float glass due to better financial performance. |
| Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to | The reason for increase net profit is due to:
(1) Increase in the Associated company Profit share operating in Float glass due to better financial performance. |
| Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed to | The reason for increase in net loss is due to:
(1) Decrease in the Associated company Profit share operating in Float glass due to lower Sales which were affected in the local and export market due to precautionary measures taken to reduce the COVID 19 virus outbreak.
(2) Decrease in Operating Profit for glass containers due to lower Sales which were affected in the local and export market due to precautionary measures taken to reduce the COVID 19 virus outbreak. |
| 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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