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Al Abdullatif Industrial Investment Co. announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )

ALABDULLATIF 2340 -0.14% 14.36 -0.02
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 154.1 133.35 15.56 148.33 3.889
Gross Profit (Loss) 9.56 5.59 71.019 30.33 -68.48
Operational Profit (Loss) 2.75 -0.39 - 18.79 -85.364
Net Profit (Loss) after Zakat and Tax -4.38 -7.73 -43.337 8.05 -
Total Comprehensive Income -4.38 -7.73 -43.337 15.76 -
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) 1,127.33 1,141.1 -1.206
Profit (Loss) per Share -0.05 -0.1
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 reasons for the increase of gross profit during the current quarter compared to the same quarter of the previous year, as well as the achievement of operating profits, the decrease in the net loss for the period and the loss in other comprehensive income, are due to the increase in sales and the decrease in industrial expenses attributable to sales and in general the decrease in the cost of sales attributed to sales as well as the slight decrease in the general and administrative expenses , increase in other revenues and decrease in financing expenses, as well as achieving profits of investments valued at fair value through profits and losses account, despite the increase in the provision for Zakat .
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 reasons for the decrease in gross profit and operating profit and the achievement of net loss and loss in other comprehensive income during the current quarter compared with the previous quarter are due to increase in the cost of materials attributable to sales and the increase in industrial expenses attributable to sales and in general the increase in the cost of sales is attributable to sales as well as not achieving profits in other comprehensive income items as a result of not valuing investments at fair value at the end of the current quarter... It should be noted that despite the increase in sales, the losses achieved in the quarter compared to the previous quarter are due to the actual cost increases attributed to the units sold at relatively low prices for reasons related to activate the interim sales movement in order to start a recovery in sales in the foreseeable future.
Statement of the type of external auditor's report Unmodified conclusion
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.

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