Al Abdullatif Industrial Investment 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 | 156.17 | 102.56 | 52.271 | 150.91 | 3.485 |
| Gross Profit (Loss) | 8.02 | -2.09 | - | 17.73 | -54.765 |
| Operational Profit (Loss) | -5.01 | -8.73 | -42.611 | 9.91 | - |
| Net Profit (Loss) after Zakat and Tax | -10.59 | -12.12 | -12.623 | 5.02 | - |
| Total Comprehensive Income | -10.59 | -12.12 | -12.623 | 5.02 | - |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 461.18 | 317.77 | 45.13 |
| Gross Profit (Loss) | 35.32 | -0.04 | - |
| Operational Profit (Loss) | 7.65 | -18.29 | - |
| Net Profit (Loss) after Zakat and Tax | -9.95 | -32.88 | -69.738 |
| Total Comprehensive Income | -9.95 | -32.88 | -69.738 |
| Total Share Holders Equity (after Deducting Minority Equity) | 1,121.76 | 1,115.94 | 0.521 |
| Profit (Loss) per Share | -0.12 | -0.4 | |
| 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, a decrease in the value of operating losses, a decrease in net loss, and a decrease in net other comprehensive income loss during the current quarter compared to the same quarter of the previous year are due to:
1- Increase in sales. 2- Decrease in the percentage of 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 decrease in gross profits, achieving operating losses, achieving net losses and losses in other comprehensive income during the current quarter compared to the previous quarter are due to:
1- Increasing the percentage of the cost of materials attributable to sales, and in general, increasing the percentage of the cost of sales attributing to sales, despite the relative increase in sales. 2- An increase in marketing and selling expenses. 3- An increase in general and administrative expenses. 4- A slight increase in financing expenses, as well as a slight decrease in other revenues. |
| 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 achieving total profits, operating profits, a decrease in net loss and a decrease in net loss of 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 the cost of sales attributable to sales. 3- Decrease in financing expenses. It should be noted that despite the achieving of total profits and operating profits, the reasons for achieving net losses for the period are due to: 1- An increase in the provision for zakat. 2- An increase in selling and marketing expenses, and administrative and general expenses. In general, the rise in the value of raw materials and the failure to raise the prices of products due to market conditions and intense competition in the local market in proportion to the rise in costs have led to a loss in the general output of business. |
| 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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