Al Abdullatif Industrial Investment Co. announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 168.23 | 150.91 | 11.48 | 181.65 | -7.39 |
| Gross Profit (Loss) | 10.52 | 17.73 | -40.66 | 2.9 | 262.76 |
| Operational Profit (Loss) | 1.57 | 9.91 | -84.16 | -7.72 | - |
| Net Profit (Loss) after Zakat and Tax | -3.45 | 5.02 | - | -12.11 | -71.51 |
| Total Comprehensive Income | -3.45 | 5.02 | - | -12.11 | -71.51 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 349.88 | 305.01 | 14.71 |
| Gross Profit (Loss) | 13.42 | 27.29 | -50.82 |
| Operational Profit (Loss) | -6.14 | 12.66 | - |
| Net Profit (Loss) after Zakat and Tax | -15.56 | 0.64 | - |
| Total Comprehensive Income | -15.56 | 0.64 | - |
| Total Share Holders Equity (after Deducting Minority Equity) | 1,079.35 | 1,132.35 | -4.68 |
| Profit (Loss) per Share | -0.19 | 0.01 | |
| 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 the decrease in gross profit as well as operating profit during the current quarter compared to the same quarter of the previous year are due to the increase in cost of sales attributed to sales, due to the increase in cost of materials attributed to sales.
The reasons for the realizing of net loss and loss of other comprehensive income are due to the increase in selling, marketing and financing expenses. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is | The reasons for the increase in gross profit and the realizing of an operating profit during current quarter compared to the previous quarter are due to the improvement in the selling prices of products and the decrease in the cost of materials attributed to sales.
The reasons for the decrease in net loss and comprehensive income loss are due to the increase in miscellaneous income and the decrease in the Zakat provision component. |
| 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 the decrease in gross profit, the realizing of operating loss, net loss and loss of other comprehensive income during current period compared to the same period of the previous year are due to the increase in cost of sales attributed to sales, due to the increase in cost of materials attributed to sales, increase in selling, marketing and financing expenses. |
| 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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