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Al Abdullatif Industrial Investment Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

2340
ALABDULLATIF
-1.67 %
1445/11/07     15/05/2024 08:01:04

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 162.57140.2815.889141.1215.199
Gross Profit (Loss) 18.98-4.84-8.06135.483
Operational Profit (Loss) 11.28-11.85-0.0428,100
Net profit (Loss) 1.43-20--10.73-
Total Comprehensive Income 1.43-20--16.26-
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) 1,202.591,261.48-4.668
Profit (Loss) per Share 0.02-0.25
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 --
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 Sales revenue increased by almost 16% predominantly due to increase in volume and better pricing especially in export markets. Management is upbeat to withstand the challenging environment due to the intense competition in the markets. It is expected that the positive effect of capacity building will continue to post positive impact on sales revenue during subsequent periods also.
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 achieving net profit during the period in comparison to the corresponding period of preceding year mainly due to better pricing coupled with the implementation of cost rationalization strategies. However, finance cost increased mainly due to increase in working capital requirements as a result of increase in capacity utilization.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is Sales revenue increased by almost 15% predominantly due to increase in volume and better pricing especially in export markets. Management is upbeat to withstand the challenging environment due to the intense competition in the markets. It is expected that the positive effect of capacity building will continue to post positive impact on sales revenue during subsequent periods also.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The reasons for achieving net profit during the current quarter in comparison to the previous quarter mainly due to better pricing coupled with the implementation of cost rationalization strategies. However, finance cost increased mainly due to increase in working capital requirements as a result of increase in capacity utilization.
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) Not exist.
Reclassification of Comparison Items Not reclassified.
Additional Information There are no minority rights

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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Last Price 18.88
Net Change -0.32 (-1.67%)
Value Traded (Sar) 6,239,195.5
Volume Traded 328,707
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