Arab Sea Information System Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 11,719,972 | 5,658,322 | 107.128 | 13,368,155 | -12.329 |
| Gross Profit (Loss) | 5,680,365 | 543,174 | 945.772 | 13,223,619 | -57.043 |
| Operational Profit (Loss) | 1,380,788 | -3,255,823 | - | 9,328,705 | -85.198 |
| Net Profit (Loss) after Zakat and Tax | 1,179,975 | -4,437,153 | - | 9,377,243 | -87.416 |
| Total Comprehensive Income | 1,179,975 | -4,437,153 | - | 9,377,243 | -87.416 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 33,954,115 | 17,413,657 | 94.985 |
| Gross Profit (Loss) | 22,464,720 | 2,930,500 | 666.583 |
| Operational Profit (Loss) | 10,510,981 | -6,752,163 | - |
| Net Profit (Loss) after Zakat and Tax | 10,204,075 | -8,019,148 | - |
| Total Comprehensive Income | 10,204,075 | -8,019,148 | - |
| Total Share Holders Equity (after Deducting Minority Equity) | 146,531,033 | 144,058,090 | 1.716 |
| Profit (Loss) per Share | 1.02 | -0.8 | |
| 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 the increase in the company's revenues in the current quarter by 107.13% over 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 decrease in net profit during the current quarter compared to the previous quarter is due to the decrease in revenues in the current quarter by 12.32% compared to the previous quarter of this year. |
| 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
- Revenues for the current period increased by 94.98% over the same period of the previous year. - A decrease in the cost of revenues for the current period compared to the same period of the previous year by 20.67%. |
| 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 nine-month periods ending on September 30, 2020, were examined by another auditor, who expressed an unmodified conclusion on those interim condensed financial statements on Rabi’ al-Awwal 22, 1442 corresponding to November 08, 2020. The company’s financial statements for the year ended in December 31, 2020 by another auditor who expressed an unmodified opinion on these financial statements on 16 Shaban 1442 corresponding to March 29, 2021 |
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