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Al Abdullatif Industrial Investment Co. announces its Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months )

ALABDULLATIF 2340 -0.14% 14.36 -0.02
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 150.91 81.86 84.351 154.1 -2.07
Gross Profit (Loss) 17.73 -3.53 - 9.56 85.46
Operational Profit (Loss) 9.91 -9.16 - 2.75 260.363
Net Profit (Loss) after Zakat and Tax 5.02 -13.03 - -4.38 -
Total Comprehensive Income 5.02 -13.03 - -4.38 -
All figures are in (Millions) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 305.01 215.21 41.726
Gross Profit (Loss) 27.29 2.05 1,231.219
Operational Profit (Loss) 12.66 -9.56 -
Net Profit (Loss) after Zakat and Tax 0.64 -20.76 -
Total Comprehensive Income 0.64 -20.76 -
Total Share Holders Equity (after Deducting Minority Equity) 1,132.35 1,128.07 0.379
Profit (Loss) per Share 0.01 -0.26
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 achieving total profits, operating profits, net profits, and profits in other comprehensive income during the current quarter compared to the same quarter of the previous year are due to:

1- Increase in sales.

2- Decrease in the industrial expenses attributable to sales, and in general the decrease in the cost of sales attributable to sales.

3- A slight decrease in financing 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 The reasons for the increase in gross profit, operating profit, achieving net profit and profit in other comprehensive income during the current quarter compared to the previous quarter are due to:

1- The decrease in the cost of materials attributable to sales, and in general the decrease in the cost of sales attributable to sales.

2- Decrease in financing and selling expenses.

3- Decrease in the value of the Zakat provision.

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 reasons for the increase in total profits, achieving operating profits, achieving net profits and achieving profits in other comprehensive income during the current period compared to the same period of the previous year, are due to:

1- Increase in sales.

2- The decrease in industrial expenses attributable to sales, and in general the decrease in the cost of sales attributable to sales.

3- A slight decrease in financing expenses.

4- Investment profits are achieved at fair value through profits and losses, as well as income as a result of dividends (Aramco stocks).

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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