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National Industrialization Co. announces its Interim Financial Results for the Period Ending on 2022-03-31 ( Three Months )

Default Company 2060.O 0.00% 0.00 0.00
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 979.2 725.4 34.987 1,163 -15.803
Gross Profit (Loss) 288.2 186.6 54.448 331.1 -12.956
Operational Profit (Loss) 543.2 561.9 -3.327 818.3 -33.618
Net Profit (Loss) after Zakat and Tax 309 327.5 -5.648 338.7 -8.768
Total Comprehensive Income 721.3 341.9 110.968 372.7 93.533
All figures are in (Millions) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Total Share Holders Equity (after Deducting Minority Equity) 9,423.3 7,611.5 23.803
Profit (Loss) per Share 0.46 0.49
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 Decrease in net profit is primarily attributable to decrease in share of profit from investments in associates and joint ventures mainly resulting from higher average feedstock cost and lower sales volumes of certain products, despite of increase in sales revenue due to improvement in average selling prices of most of the products.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is Decrease in net profit is primarily attributable to decrease in sales revenue and share of profit from investments in associates and joint ventures due to lower average selling prices and sales volumes of certain products and higher general administrative and marketing expenses despite of lower impairment of non-current assets, decrease in zakat provisions and higher other income.
Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items Certain corresponding figures for the comparative periods have been restated in compliance with the applicable accounting standards.

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