Natural Gas Distribution Co. announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )

15 September 2022 03:53 PM

9516 -8.00% 41.40 -3.60

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	43,247	44,933	-3.75
Gross Profit (Loss)	3,386	4,316	-21.55
Operational Profit (Loss)	970	1,325	-26.79
Net Profit (Loss) after Zakat and Tax	930	1,229	-24.33
Total Comprehensive Income	930	1,229	-24.33
Total Share Holders Equity (after Deducting Minority Equity)	54,617	56,187	-2.79
Profit (Loss) per Share	0.19	0.25
All figures are in (Thousands) Saudi Arabia, Riyals

	Accumulated Losses	Capital	Percentage %
	0	50,000	0
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	The reason for the decrease in net profits during the current period with the same period is due to the decrease in revenues as a result of the cessation of gas supply by Aramco during the month of May, and the increase in operational consumption as a result of the addition of new fixed assets.
Statement of the type of external auditor's report	Unmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion	The interim condensed financial statements of the company for the six-month period ended June 30, 2021G were examined by another auditor, who expressed an unmodified opinion on those financial statements on Muharram 11, 1443 AH corresponding to August 19, 2021 AD. The financial statements for the year ending on December 31, 2021G were also reviewed by another auditor who expressed an unmodified opinion on these financial statements in his report issued on Sha’ban 21, 1443 AH corresponding to March 24, 2022 AD.
Reclassification of Comparison Items	During the period, the company has reclassified some balances which management considers a more accurate presentation and reflects the relevant nature that such reclassifications do not have any impact on the net income or retained earnings that were previously reported.

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