All figures are in (Millions) Saudi Arabia, Riyals
Element List
Current Period
Similar period for previous year
%Change
Sales/Revenue
2,490
1,953
27.5
Gross Profit (Loss)
703
560
25.54
Operational Profit (Loss)
558
451
23.73
Net Profit (Loss) after Zakat and Tax
422
421
0.24
Total Comprehensive Income
422
426
-0.94
Total Share Holders Equity (after Deducting Minority Equity)
6,012
4,580
31.27
Profit (Loss) per Share
4.74
5.26
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
Same quarter last year included a one-off tax credit adjustment in Q3'22 of Saudi Riyals 64 million. Excluding this exceptional item, adjusted net profit for the current quarter is slightly lower than that of same quarter last year, mainly due to higher finance cost.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is
Net profit remained in line as contribution from higher rig activity with the start up of 3 new offshore rigs was offset by higher finance cost.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is
Current period last year included a one-off tax credit adjustment in Q3'22 of Saudi Riyals 64 million. Excluding this exceptional item, adjusted net profit for the current quarter is higher mainly due to higher rig activity and day rates
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
Not applicable
Reclassification of Comparison Items
Not applicable
Additional Information
Profit (loss) per share for current quarter is based on 89,000,000 shares following listing in November 2022 (Q3,2022 was based on 80,000,000 shares before listing)
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