National Metal Manufacturing and Casting Co. announces its Interim Financial Results for the Period Ending on 2023-03-31 ( Three Months )

18 May 2023 04:57 PM

MAADANIYAH 2220 0.74% 16.30 0.12

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	65.75	77.03	-14.64	67.92	-3.19
Gross Profit (Loss)	3.9	2.99	30.43	-4.7	-
Operational Profit (Loss)	-3.42	-5.49	-37.7	-13.04	-73.77
Net Profit (Loss) after Zakat and Tax	-4.9	-7.14	-31.37	-14.16	-65.39
Total Comprehensive Income	-4.9	-7.14	-31.37	-11.39	-56.98
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)	310.67	344.66	-9.86
Profit (Loss) per Share	-0.14	-0.2
All figures are in (Millions) Saudi Arabia, Riyals

	Accumulated Losses	Capital	Percentage %
	70.51	354	19.92
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	Reasons for the decrease in losses during current quarter compare to the same quarter last year are decrease in production cost, mainly steel wire rod the raw material for the main products of the group and decrease in selling & distribution expenses, increase in other income and increase in profit from deposits with banks.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is	Reasons for the decrease in losses during current quarter the previous quarter are decrease in production cost, mainly steel wire rod, the raw material for the main products of the group and decrease in selling & distribution expenses, decrease in general and administrative expenses and increase in profit from deposits with banks.
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	Certain figures for the comparative period have been reclassified to conform the presentation in the current period.
Additional Information	The losses per share for the current period and same period last year is calculated by dividing the net losses for the period after Zakat attributable to shareholders over the weighted average number of ordinary shares as end of current period and previous period The weighted average shares for the current period is 35,400,000 shares compared to same period last year of 29,520,822 shares.

Comments