National Metal Manufacturing and Casting Co. announces its Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months )

18 August 2021 03:47 PM

MAADANIYAH 2220 15.82% 18.74 2.56

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	48.07	37.82	27.102	65.26	-26.34
Gross Profit (Loss)	5.12	2.08	146.153	3.62	41.436
Operational Profit (Loss)	-5.55	-5.77	-3.812	-5.28	5.113
Net Profit (Loss) after Zakat and Tax	-7.38	-7.71	-4.28	-7.08	4.237
Total Comprehensive Income	-7.38	-7.71	-4.28	-7.08	4.237
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	113.32	117.37	-3.45
Gross Profit (Loss)	8.74	5.7	53.333
Operational Profit (Loss)	-10.83	-11.28	-3.989
Net Profit (Loss) after Zakat and Tax	-14.47	-15.7	-7.834
Total Comprehensive Income	-14.47	-15.7	-7.834
Total Share Holders Equity (after Deducting Minority Equity)	253.67	293.34	-13.523
Profit (Loss) per Share	-0.51	-0.54
All figures are in (Millions) Saudi Arabia, Riyals

	Accumulated Losses	Capital	Percentage %
	54.62	281.12	19.43
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 decrease in losses during the current quarter compare to the same quarter last year are increase in sales due to improvement in market demand,increase in other income, decrease in financial charges and slight decrease in 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 increase in losses during the current quarter compare to last quarter are decrease in sales ,increase in general and administrative expenses, increase in other expenses due to provision for doubtful accounts and slight in financial charges.
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 decrease in losses during the current period compare the same period last year are improvement in the selling price, decrease in selling and distribution expenses, increase in other income, decrease in financial charges and slight decrease in provision for Zakat.
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	Certain figures for the comparative period have been reclassified to conform the presentation in the current period.

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