Arabian Drilling Announces its Interim Financial Results for the Period Ending on 2023-03-31 ( Three Months )

14 May 2023 08:19 AM

ARABIAN DRILLING 2381 1.26% 177.00 2.20

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	779	599	30.05	750	3.87
Gross Profit (Loss)	207	157	31.85	241	-14.11
Operational Profit (Loss)	173	124	39.52	168	2.98
Net Profit (Loss) after Zakat and Tax	141	94	50	137	2.92
Total Comprehensive Income	141	97	45.36	129	9.3
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (after Deducting Minority Equity)	5,731	4,252	34.78
Profit (Loss) per Share	1.59	1.17
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	Upside mainly coming from additional revenue of two new offshore rigs (AD110/AD120) that started in December 2022
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is	Full quarter impact of two new offshore rigs (AD110/AD120) that started in December 2022
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	No reclassification of comparative items
Additional Information	Profit (loss) per share for current quarter is based on 89,000,000 shares following listing in November 2022 (Previous Quarter Q4 2022 was based on a weighted average number of 81,430,137 shares) and Q1 was based on 80,000,000 shares before listing.
Attached Documents

Arabian Drilling announces a +5% increase om its adjusted Net Income for the First Quarter of 2023