Arab Sea Information System Co. 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 | 13,368,155 | 5,296,319 | 152.404 | 8,865,988 | 50.78 |
| Gross Profit (Loss) | 13,223,619 | 819,948 | 1,512.738 | 3,560,736 | 271.373 |
| Operational Profit (Loss) | 9,328,705 | -1,847,132 | - | -198,512 | - |
| Net Profit (Loss) after Zakat and Tax | 9,377,243 | -1,856,303 | - | -353,143 | - |
| Total Comprehensive Income | 9,377,243 | -1,856,303 | - | -353,143 | - |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 22,234,143 | 11,755,335 | 89.14 |
| Gross Profit (Loss) | 16,784,355 | 2,387,326 | 603.06 |
| Operational Profit (Loss) | 9,130,193 | 3,496,340 | 161.135 |
| Net Profit (Loss) after Zakat and Tax | 9,024,100 | -3,581,995 | - |
| Total Comprehensive Income | 9,024,100 | -3,581,995 | - |
| Total Share Holders Equity (after Deducting Minority Equity) | 145,351,058 | 136,326,958 | 6.619 |
| Profit (Loss) per Share | 0.9 | -0.36 | |
| All figures are in (Actual) 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 increase in net profit during the current quarter compared to the same quarter of the previous year is due to
- Increase in revenues for the current quarter by 152.40% - A decrease in the cost of goods sold for current quarter compared to the same quarter of the previous year by 96.77% due to the increase in the end-of-period inventory in the current quarter compared to the same quarter of the previous year |
| 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 increase in net profit in the current quarter compared to the previous quarter is due to
- Revenues increased in the current quarter, compared to the previous quarter, by 50.78%. - decrease in the cost of goods sold for current quarter compared to the previous quarter by 97.27%, due to the increase in the end-of-period inventory in the current quarter compared to the previous quarter |
| 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 reason for the increase in net profit during the current period compared to the same period of the previous year is due to
- Increase in revenues for the current period by 89.14% - The decrease in the cost of goods sold for current period compared to the same period of the previous year by 41.82% due to the increase in inventory at the end of the current period compared to the same period of the previous year |
| 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 | The comparative figures presented for the year ended December 31, 2020 have been reclassified to conform to the presentation and classification for the current period |
| Additional Information | The company’s interim condensed financial statements for the three and six-month periods ending on June 30, 2020 were examined by another auditor, who expressed an unmodified conclusion on those interim condensed financial statements on Muharram 5, 1442 AH corresponding to August 24, 2020 CE. The company’s financial statements for the year ended on 31 August 2020 CE were also reviewed. December 2020 AD by another auditor who expressed an unmodified opinion on these financial statements on 16 Shaban 1442 AH corresponding to March 29, 2021 AD |
Comments