Saudi Vitrified Clay Pipes Co. announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )

05 May 2021 05:01 PM

SVCP 2360 12.17% 44.70 4.85

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	24.75	40.55	-38.964	26.65	-7.129
Gross Profit (Loss)	7.13	13.35	-46.591	8.59	-16.996
Operational Profit (Loss)	0.94	6.09	-84.564	1.48	-36.486
Net Profit (Loss) after Zakat and Tax	0.23	5.41	-95.748	1.49	-84.563
Total Comprehensive Income	0.23	5.41	-95.748	-0.29	-
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)	279.21	290.51	-3.889
Profit (Loss) per Share	0.02	0.36
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 reason for the decrease in net profit during the current quarter compared to the same quarter of the previous year is due to the decrease in sales due to the decrease in the volume of demand for pipes in general, related to the slowdown in projects.
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 reason for the decrease in net profit during the current quarter compared to the previous quarter is due to the decrease in sales due to the decrease in the volume of demand for pipes in general, related to the slowdown in projects.
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	Doesn't exist
Reclassification of Comparison Items	Doesn't exist

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