Al Abdullatif Industrial Investment Co. announces its Interim Financial Results for the Period Ending on 2023-09-30 ( Nine Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 117.69 | 142.6 | -17.47 | 123.53 | -4.73 |
| Gross Profit (Loss) | -9.45 | -1.15 | 721.74 | -4.62 | 104.55 |
| Operational Profit (Loss) | -16.45 | -8.92 | 84.42 | -12.08 | 36.17 |
| Net Profit (Loss) after Zakat and Tax | -24.3 | -15.57 | 56.07 | -19.76 | 22.98 |
| Total Comprehensive Income | -24.3 | 226.56 | - | -19.76 | 22.98 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 381.49 | 492.48 | -22.54 |
| Gross Profit (Loss) | -18.91 | 14.27 | - |
| Operational Profit (Loss) | -40.38 | -15.06 | 168.13 |
| Net Profit (Loss) after Zakat and Tax | -64.06 | -31.13 | 105.78 |
| Total Comprehensive Income | -64.06 | 211.01 | - |
| Total Share Holders Equity (after Deducting Minority Equity) | 1,217.41 | 1,305.91 | -6.78 |
| Profit (Loss) per Share | -0.79 | -0.38 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Accumulated Losses | Capital | Percentage % | |
|---|---|---|---|
| 91.34 | 812.5 | 11.24 | |
| 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 | The reasons for the increase in gross losses, operating losses and net loss during this quarter compared to the same quarter of the previous year are due to the sharp decrease in sales and increase in the cost of sold units, in addition to the decrease in other revenues and the increase in financing costs.
The reason for incurring losses in comprehensive income is due to not existing of a property revaluation surplus that was achieved during the same quarter of the previous year. |
| 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 reasons for the increase in gross losses, operating losses, net loss, and losses in comprehensive income during this quarter compared to the previous quarter are due to the decrease in sales, the increase in the cost of sales attributed to sales, the decrease in other revenues and the increase in financing 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 | The reasons for incurring gross losses and increasing operating losses and net losses during this period compared to the same period of the previous year are due to the sharp decrease in sales, the increase in the cost of sales attributed to sales and the increase in financing costs.
The reason for incurring losses in comprehensive income is due to not existing of a property revaluation surplus that was achieved during the same period of the previous year. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to conform with the presentation in the current period. |
| Additional Information | 1 - There are no minority rights in the financial statements.
2 - The accumulated losses amounted to 91.34 million, 11.24% of the capital as on 30 September 2023. |
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