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National Industrialization Co. announces its Interim Financial Results for the Period Ending on 2022-09-30 ( Nine Months )

Default Company 2060.O 0.00% 0.00 0.00
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 887.1 1,004.3 -11.67 1,077.1 -17.64
Gross Profit (Loss) 130.1 149.9 -13.21 259.1 -49.79
Operational Profit (Loss) 179 526.2 -65.98 563.2 -68.22
Net Profit (Loss) after Zakat and Tax 17.1 333.4 -94.87 297.1 -94.24
Total Comprehensive Income -7.4 276.2 - 107.5 -
All figures are in (Millions) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 2,943.4 2,510.1 17.26
Gross Profit (Loss) 677.4 655.9 3.28
Operational Profit (Loss) 1,285.3 1,696.8 -24.25
Net Profit (Loss) after Zakat and Tax 623.2 1,017.7 -38.76
Total Comprehensive Income 821.3 1,059.7 -22.5
Total Share Holders Equity (after Deducting Minority Equity) 9,526.6 8,702.1 9.47
Profit (Loss) per Share 0.93 1.52
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 Decrease in net profit is primarily attributable to decrease in share of profit from investments in joint ventures and sales revenue mainly resulting from lower average selling prices and sales volumes for certain products, in addition to higher feedstock and logistics costs, higher financial charges and lower other income, despite decrease in general and admin expenses and zakat provisions.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is Decrease in net profit is primarily attributable to decrease in share of profit from investments in joint ventures and sales revenue mainly resulting from lower average selling prices and sales volumes for certain products and lower other income, despite lower feedstock and logistics costs, decrease in general and admin expenses and zakat provisions.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is Decrease in net profit is primarily attributable to decrease in share of profit from investments in joint ventures mainly resulting from lower average selling prices and sales volumes for certain Petrochemical products, in addition to higher feedstock and logistics costs and lower other income, despite increase in revenue for certain products driven by improved average selling prices and sales volumes and decrease in general and admin expenses
Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items None

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