Saudi Company for Hardware announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )

02 May 2021 08:31 AM

SACO 4008 36.60% 36.20 9.70

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	336.39	358.04	-6.046	402.05	-16.331
Gross Profit (Loss)	67.02	62.4	7.403	86.28	-22.322
Operational Profit (Loss)	27.24	25.46	6.991	38.87	-29.92
Net Profit (Loss) after Zakat and Tax	15.63	11.72	33.361	24.19	-35.386
Total Comprehensive Income	16.1	12.8	25.781	24.96	-35.496
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)	599.26	553.66	8.236
Profit (Loss) per Share	0.43	0.33
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The increase in net profit for current quarter compared with same quarter of the previous year was due to; - Improvement in gross profit margin - Decrease in the S&M expenses - Increase in Other Income - Decrease in the finance cost
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is	The decrease in net profit for the current quarter compared to the previous quarter was due to the following; - Decrease in sales linked with sales seasonality. - Decrease in Other Income
Statement of the type of external auditor's report	Unmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion	None
Reclassification of Comparison Items	Comparative period figures have been reclassified to conform with current period classification numbers

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