National Gas and Industrialization Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 706.8 | 614.9 | 14.945 | 665.9 | 6.142 |
| Gross Profit (Loss) | 99.5 | 90.3 | 10.188 | 64.6 | 54.024 |
| Operational Profit (Loss) | 53.7 | 50.4 | 6.547 | 17.9 | 200 |
| Net profit (Loss) | 78.6 | 73 | 7.671 | 42.6 | 84.507 |
| Total Comprehensive Income | 92 | 136.9 | -32.797 | 88 | 4.545 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Share Holders Equity (After Deducting the Minority Equity) | 1,937.7 | 1,871.9 | 3.515 |
| Profit (Loss) per Share | 1.05 | 0.97 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Percentage of the capital (%) | Amount | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | "The increase in revenues by SR 92 million is mainly due to the followings:
- Increase in gas sales by SR 74 million due to the increase in gas prices and volume - Increase in sales of empty cylinders by SR 7 million. - Increase in revenues from commercial projects by SR 6 million.. - Increase in revenues from other services (transportations and others) by SR 2 million. - Increase in sales of scrap and spare parts by SR 3 million. " |
| 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 increase in net profit by SR 6 million is mainly due to the followings:
- Increase in gross profit by SR 9 million as a result of increase in revenues. - Increase in investment and finance income by SR 2 million. - Increase in other income by SR 1 million. - Decrease in zakat expense by SR 2 million. Despite the: - Increase in operating expenses by SR 6 million. - Decrease in share of results of associates by SR 2 million. " |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | "The increase in revenues by SR 41 million is mainly due to the followings:
- Increase in gas sales by SR 46 million due to the increase in gas volume. - Increase in sales of empty cylinders by SR 6 million. - Increase in revenues from other services (transportations and others) by SR 2 million. Despite of the decrease in revenues from commercial projects by SR 12 million and sales of scrap by SR 1 million." |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | "The increase in net profit by SR 36 million is mainly due to the followings:
- Increase in gross profit by SR 35 million as a result of increase in revenues. - Decrease in operating expenses by SR 1 million. - Increase in other income by SR 5 million. - Decrease in zakat expense by SR 2 million. Despite the: - Decrease in investment and finance income by SR 5 million . - Decrease in share of results of associates by SR 2 million." |
| Statement of the type of external auditor's report | Unmodified conclusion |
| 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 | None |
| Additional Information | - |
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