Watani Iron Steel Co. announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )
| Element List | Current Period | Similar period for previous year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 311,357,058 | 322,021,437 | -3.31 | ||
| Gross Profit (Loss) | 36,247,136 | 40,684,266 | -10.91 | ||
| Operational Profit (Loss) | 28,829,936 | 33,822,940 | -14.76 | ||
| Net Profit (Loss) after Zakat and Tax | 25,487,683 | 30,000,950 | -15.04 | ||
| Total Comprehensive Income | 25,487,683 | 30,000,950 | -15.04 | ||
| Total Share Holders Equity (after Deducting Minority Equity) | 212,716,013 | 170,329,359 | 24.89 | ||
| Profit (Loss) per Share | 2.1 | 2.48 | |||
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Explanation |
|---|---|
| Increase (Decrease) in Net Profit for Current Period Compared to Previous Period is Attributed to | The decrease in the amount of sales and then the decrease in the net profit for the period compared to the same period of the previous year is noted due to the low rates of demand for rebar, despite the high rate of profitability per ton compared to the same period in the previous year |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | Some indicators have been reclassified to conform to the classifications of the current period |
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