National Metal Manufacturing and Casting Co. announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )

21 August 2022 07:11 AM

MAADANIYAH 2220 2.10% 16.52 0.34

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	54.52	48.07	13.42	77.03	-29.22
Gross Profit (Loss)	1.53	5.12	-70.12	2.99	-48.83
Operational Profit (Loss)	-6.6	-5.55	18.92	-5.49	20.22
Net Profit (Loss) after Zakat and Tax	-8.2	-7.38	11.11	-7.14	14.85
Total Comprehensive Income	-8.2	-7.38	11.11	-7.14	14.85
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	131.55	113.32	16.09
Gross Profit (Loss)	4.52	8.74	-48.28
Operational Profit (Loss)	-12.1	-10.83	11.73
Net Profit (Loss) after Zakat and Tax	-15.33	-14.47	5.94
Total Comprehensive Income	-15.33	-14.47	5.94
Total Share Holders Equity (after Deducting Minority Equity)	336.46	253.67	32.64
Profit (Loss) per Share	-0.43	-0.49
All figures are in (Millions) Saudi Arabia, Riyals

	Accumulated Losses	Capital	Percentage %
	-44.71	354	-12.63
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	Reasons for the increase in losses during current quarter compare to the same quarter last year in spite of increase in sales are increase in cost of production inputs, increase in selling and distributing expenses and increase in ZAKAT provision.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is	Reasons for the increase in losses for current quarter compare to the previous quarter are decrease in sales due to low market demand for some products, increase in general and administrative expenses and increase in allowance for expected credits losses.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	Reasons for the increase in losses during current period compare to the same period last year in spite of increase in sales are increase in cost of production inputs, increase in selling and distributing expenses and increase in ZAKAT provision.
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	Certain comparative figures have been reclassified to comply with the current period presentation of the condensed interim financial statements.
Additional Information	The losses per share for the current quarter and same quarter last year is calculated by dividing the net losses for the quarter after Zakat attributable to shareholders over the weighted average number of ordinary shares as end of current quarter and previous year. The weighted average shares for the current quarter is 35,400,000 shares compared to same quarter last year of 29,520,822 shares.

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