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National Gas and Industrialization Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

2080
GASCO
1.51 %
1445/11/01     09/05/2024 08:02:55

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 706.8614.914.945665.96.142
Gross Profit (Loss) 99.590.310.18864.654.024
Operational Profit (Loss) 53.750.46.54717.9200
Net profit (Loss) 78.6737.67142.684.507
Total Comprehensive Income 92136.9-32.797884.545
All figures are in (Millions) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (After Deducting the Minority Equity) 1,937.71,871.93.515
Profit (Loss) per Share 1.050.97
All figures are in (Millions) Saudi Arabia, Riyals


Element ListPercentage 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 ListExplanation
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 -

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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Key Parameters
Last Price 87.5
Net Change 1.3 (+1.51%)
Value Traded (Sar) 8,196,741.9
Volume Traded 94,111
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