National Gypsum Co. announces its Annual Financial results for the period ending on 2023-12-31

31 March 2024 08:37 AM

NGC 2090 37.83% 28.20 7.74

Element List	Current Year	Previous Year	%Change
Sales/Revenue	51.9	54.7	-5.12
Gross Profit (Loss)	8.6	7.7	11.69
Operational Profit (Loss)	-4.7	-4.7	-
Net profit (Loss)	5.1	-6.4	-
Total Comprehensive Income	5.5	-12.8	-
Total Share Holders Equity (After Deducting the Minority Equity)	362.1	356.6	1.54
Profit (Loss) per Share	0.16	-0.2
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	19.41
All figures are in (Millions) 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	Cost of sales decreased by 7.92%
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	Increase in net miscellaneous revenues (investments, compensation for expropriation of Jeddah land) by 953.45%
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)	Not Applicable
Reclassification of Comparison Items	Some comparative year figures have been reclassified to match the classification of the current year's figures and the financial statement notes
Additional Information	The comprehensive income for the current year (profit) amounted to 5.51 million riyals, compared to (loss) the amount of 12.83 million riyals for the previous year, as a result of the re-evaluation of the investment portfolio. Also, the ownership rights (there are no minority interests) amounted to 362.14 million riyals, compared to 356.63 million riyals for The previous year, an increase of 1.55%

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