Saudi Company for Hardware announces its Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 322.38 | 389.53 | -17.238 | 336.39 | -4.164 |
| Gross Profit (Loss) | 61.53 | 85.95 | -28.411 | 67.02 | -8.191 |
| Operational Profit (Loss) | 22.95 | 46.59 | -50.74 | 27.24 | -15.748 |
| Net Profit (Loss) after Zakat and Tax | 14.44 | 33.14 | -56.427 | 15.63 | -7.613 |
| Total Comprehensive Income | 14.3 | 33.06 | -56.745 | 16.1 | -11.18 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 658.78 | 747.57 | -11.877 |
| Gross Profit (Loss) | 128.55 | 148.34 | -13.34 |
| Operational Profit (Loss) | 50.19 | 72.05 | -30.34 |
| Net Profit (Loss) after Zakat and Tax | 30.08 | 44.86 | -32.946 |
| Total Comprehensive Income | 30.41 | 45.85 | -33.675 |
| Total Share Holders Equity (after Deducting Minority Equity) | 613.57 | 586.72 | 4.576 |
| Profit (Loss) per Share | 0.84 | 1.25 | |
| 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 | - Decrease in sales during this quarter compared to the sales of the same quarter of the previous year which were accompanied by an increase in demand on the most company's products due to the issuance of new decree increasing the VAT rate, in addition to the delay in receiving imported goods due to the current global shipping shortages.
- Increase in the S&M expenses. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is | - Decrease in sales by 4.2% during this quarter compared to the previous quarter of this year which was related to the decrease in sales during the Eid Al-Fitr holiday.
- Increase in the S&M expenses. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The decrease in net profit for current period compared to the similar period of the previous year was mainly due to the decrease in sales by 11.9% during this period compared to the same period of the previous year due to the reasons mentioned in the above two notes. |
| 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 | NO |
| Reclassification of Comparison Items | Comparative period figures have been reclassified to conform with current period classification numbers. |
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