Saudi Printing and Packaging Co. 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 | 204.45 | 252.51 | -19.032 | 199.63 | 2.414 |
| Gross Profit (Loss) | 38.23 | 46.06 | -16.999 | 37.4 | 2.219 |
| Operational Profit (Loss) | 8.54 | 15.18 | -43.741 | 8.58 | -0.466 |
| Net Profit (Loss) after Zakat and Tax | 1.82 | 2.71 | -32.841 | 1.49 | 22.147 |
| Total Comprehensive Income | 1.9 | 1.86 | 2.15 | 1.72 | 10.465 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 598.34 | 692.17 | -13.555 |
| Gross Profit (Loss) | 101.59 | 96.44 | 5.34 |
| Operational Profit (Loss) | 14.07 | 5.98 | 135.284 |
| Net Profit (Loss) after Zakat and Tax | -11.59 | -34 | -65.911 |
| Total Comprehensive Income | -11.63 | -34.49 | -66.28 |
| Total Share Holders Equity (after Deducting Minority Equity) | 712.27 | 720.62 | -1.158 |
| Profit (Loss) per Share | -0.19 | -0.57 | |
| 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 main reason for the decrease in net profit during the current quarter compared to the same quarter of the previous year is the decrease in revenues due to the Corona-Covid 19 pandemic, in addition to the formation of an additional provision to meet the expected credit losses of receivables. |
| Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to | The main reason for the increase in net profit during the current quarter compared to the previous quarter is the increase in revenues. |
| Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed to | The main reason for the decrease in net loss is the decrease in sales costs and the decrease in selling and marketing expenses for the current period compared to the same period of the previous year, in addition to the decrease in financing costs. |
| Basis of the External Auditor's Opinion | Unmodified opinion |
| Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion | NA |
| Reclassification of Comparison Items | Certain figures for the comparison period have been reclassified to conform with the presentation for the current period. |
| Additional Information | • Total revenues during the current quarter amounted to 204.45 million riyals compared to 252.5 million riyals for the same quarter of the previous year, with a decrease of 19%, and compared to 199.63 million riyals in the previous quarter, an increase of 2.4%
• Total comprehensive income during the current quarter amounted to 1.89 million riyals, compared to 1.86 million riyals for the same quarter of the previous year, compared to 1.72 million riyals for the previous quarter. • Total shareholders' equity (after excluding minority interests) at the end of the current quarter amounted to 712.27 million riyals, compared to 720.62 million riyals for the same quarter of the previous year, a decrease of 1.15% and compared to 710.37 million riyals at the end of the previous quarter, an increase of 0.23%. • Retained earnings amounted to 3.46 million riyals, representing a ratio of 0.58 |
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