National Building and Marketing Co. announces its Interim Consolidated Financial Results for the Period Ending on 2022-06-30 ( Six Months )
Element List | Current Period | Similar period for previous year | %Change | ||
---|---|---|---|---|---|
Sales/Revenue | 338,888 | 298,034 | 13.71 | ||
Gross Profit (Loss) | 43,741 | 35,760 | 22.32 | ||
Operational Profit (Loss) | 33,740 | 28,719 | 17.48 | ||
Net Profit (Loss) after Zakat and Tax | 31,835 | 25,092 | 26.87 | ||
Total Comprehensive Income | 31,835 | 25,092 | 26.87 | ||
Total Share Holders Equity (after Deducting Minority Equity) | 273,159 | 241,411 | 13.15 | ||
Profit (Loss) per Share | 2.65 | 2.09 | |||
All figures are in (Thousands) Saudi Arabia, Riyals |
Element List | Explanation |
---|---|
Increase (Decrease) in Net Profit for Current Period Compared to Previous Period is Attributed to | Because of increase in revenues by 13.71% and the increase in operating net profit by 17.48% and the increase in total comprehensive income by 26.87% for all operating sectors compared to the same period of the previous year as follows:
Steel Industry Sector: Revenues of the steel industry increased from amount of SAR 185 million to amount of SAR 213 million and its represent 14.82% increasing compared to the same period of the previous year, due to the improvement in average selling prices during the first quarter of this year.
Construction Projects Sector: Revenues of the construction projects sector increased from amount of SAR 110 million to amount of SAR 122 million and its represent 10.84% increasing compared to the same period of the previous year.
Financing costs decreased from 3 million riyals to 2.5 million riyals, a decrease of 23.88% Due to the company commitment to the banks. |
Statement of the type of external auditor's report | Unmodified conclusion |
Reclassification of Comparison Items | Not Applicable |
Additional Information | The company’s share in the sister companies amounted to 1,264 thousand riyals, compared to 1,148 thousand riyals for the previous period, an increase of 10.04%
The total shareholders’ equity (after excluding non-controlling interests) for the period ending on 30.06.2022 amounted to 273 million riyals compared to the period ended 30.06.2021 by 241 million riyals, and showing increase of 13.15%
The basic and diluted earnings per share were calculated by dividing the profitability for the period attributable to the equity of the shareholders of the parent company by the weighted average number of issued shares and showing amount of SAR 2.65 for current period compared to amount of SAR 2.09 for the previous period and its represented 26.79% |
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