Saudi Arabia Refineries Co. announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )

12 September 2023 02:34 PM

Default Company 2030.O 0.00% 0.00 0.00

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	-40,457	22,489,558	-	29,069	-
Gross Profit (Loss)	-40,457	22,489,558	-	29,069	-
Operational Profit (Loss)	-1,435,450	21,432,194	-	-413,614	247.05
Net Profit (Loss) after Zakat and Tax	-1,358,725	21,007,319	-	-374,098	263.2
Total Comprehensive Income	22,293,198	-79,350,014	-	45,088,682	-50.56
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	-11,388	22,518,056	-
Gross Profit (Loss)	-11,388	22,518,056	-
Operational Profit (Loss)	-1,849,064	20,748,107	-
Net Profit (Loss) after Zakat and Tax	-1,732,823	20,348,873	-
Total Comprehensive Income	67,381,880	-21,194,715	-
Total Share Holders Equity (after Deducting Minority Equity)	491,202,733	538,340,103	-8.76
Profit (Loss) per Share	-0.12	1.36
All figures are in (Actual) 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	The reason for the decrease in profit during the current quarter compared to the same quarter of the previous year is due to the lack of distribution of profits during this quarter from the Saudi Industrial Investment Company for the first half of the year 2023.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is	The reason for the decrease in net profit during the current quarter compared to the previous quarter is due to the increase in operating expenses in this quarter compared to the operating expenses during the previous quarter, in addition to realizing losses during this quarter in an investee company .
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The reason for the decrease in profit during the current period compared to the similar period of the previous year is due to the non-distribution of profits for the first half of the year 2023 from the Saudi Industrial Investment Company.
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	Nothing

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