Gas Arabian Services Co. announces its Annual Financial results for the period ending on 2023-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 721,511,577 | 496,039,689 | 45.45 | ||
| Gross Profit (Loss) | 134,751,660 | 115,140,926 | 17.03 | ||
| Operational Profit (Loss) | 82,714,227 | 73,954,852 | 11.84 | ||
| Net profit (Loss) | 81,469,112 | 67,384,817 | 20.9 | ||
| Total Comprehensive Income | 81,886,584 | 70,602,765 | 15.98 | ||
| Total Share Holders Equity (After Deducting the Minority Equity) | 360,690,225 | 317,168,563 | 13.72 | ||
| Profit (Loss) per Share | 0.52 | 0.43 | |||
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | The reason for increase in revenues to SAR 721.5 millions in 2023 as compared to SAR 496 millions in 2022 is mainly due to better order in take and delivery as compared to previous year. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The main reason for increase in net profit during the current year 2023 as compared to previous year 2022 is due to following:
1. Increase in overall revenue of company compared to the previous year 2022.
2. Increase in profit sharing from joint ventures during the year. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | None |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified in order to conform with the presentation for the current year. |
| Additional Information | - |
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