Natural Gas Distribution Co. announces its Annual Financial Results for the Period Ending on 2021-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 89.59 | 89.25 | 0.38 | ||
| Gross Profit (Loss) | 8.43 | 9.55 | -11.727 | ||
| Operational Profit (Loss) | 2.94 | 4.85 | -39.381 | ||
| Net Profit (Loss) after Zakat and Tax | 2.48 | 4.42 | -43.891 | ||
| Total Comprehensive Income | 2.4 | 4.57 | -47.483 | ||
| Total Share Holders Equity (after Deducting Minority Equity) | 56.19 | 56.28 | -0.159 | ||
| Profit (Loss) per Share | 0.5 | 0.88 | |||
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The reason for the decrease in net profit during this year compared to the previous year is due to:
The increase in the cost of revenues, the increase in general and administrative expenses, the increase in financing costs, and the decrease in other revenues compared to last year |
| Statement of the type of external auditor's report | Unmodified opinion |
| Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion | non |
| Reclassification of Comparison Items | Certain comparative figures for the previous year have been reclassified to conform to the presentation used for the current year. |
| Additional Information | - Total shareholders' equity (there are no minority interests) at the end of the current year amounted to 56.19 million riyals, compared to 56.28 million riyals at the end of the previous year, with a decrease of (0.17%).
- Total comprehensive income for the current year amounted to 2.4 million riyals, compared to 4.57 million riyals for the previous year, a decrease of 47.5%. |
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