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East Pipes Integrated Company for Industry announces its Interim Financial results for the Period Ending on 2023-12-31 ( Nine Months )

1321
EAST PIPES
0.72 %
1445/07/20     01/02/2024 08:03:01

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 552,301,709487,249,09013.35230,267,231139.852
Gross Profit (Loss) 110,949,10768,433,19162.12733,109,702235.095
Operational Profit (Loss) 104,634,73960,613,68172.62528,006,440273.609
Net profit (Loss) 85,718,84947,523,97480.36920,793,355312.241
Total Comprehensive Income 86,202,06547,660,22980.86720,836,406313.708
All figures are in (Actual) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 821,415,225996,354,041-17.557
Gross Profit (Loss) 137,737,450100,767,44336.688
Operational Profit (Loss) 120,719,56286,166,83740.099
Net profit (Loss) 87,950,94562,981,62639.645
Total Comprehensive Income 88,783,81863,540,94039.726
Total Share Holders Equity (After Deducting the Minority Equity) 672,724,624578,531,06816.281
Profit (Loss) per Share 2.792
All figures are in (Actual) 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 (Actual) 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 company recorded a revenue of SAR 552 million for the third quarter of FY23-24 (“3Q-FY 23-24”), compared to a revenue of SAR 487 million in the similar quarter of FY 22-23 (“3Q-FY 22-23”), This is mainly resulting from the increase in both sales volume and average sales prices per ton.
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 company recorded a profit of SAR 86 million for the third quarter of FY23-24 (“3Q-FY 23-24”), compared to a net profit of SAR 48 million in the similar quarter of FY 22-23 (“3Q-FY 22-23”), This is mainly resulting from the increase in both sales volume and average sales prices per ton.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The company reported a revenue of SAR 552 million in 3Q-FY23-24, compared to a revenue of SAR 230 million in 2Q-FY23-24, which is primarily due to the increase of volumetric sales in the current quarter.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The company reported a net profit of SAR 86 million in 3Q-FY23-24, compared to a net profit of SAR 21 million in 2Q-FY23-24, which is primarily due to:

- The increase of volumetric sales in the current quarter

- The cost of raw materials decreased compared to the previous quarter

The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is The company reported a revenue of SAR 821 million in the nine-month period ending 31 December 2023 (“9M-FY 23-24”) versus SAR 996 million for 9M-FY 22-23. This is mainly due to the decrease of volumetric sales.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The company reported a net profit of SAR 88 million in the nine-month period ending 31 December 2023 (“9M-FY 23-24”) versus SAR 63 million for 9M-FY 22-23. This is mainly due to the increase in average sales price per MT.
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 Certain comparative figures for the prior period have been reclassified to conform with the current period’s presentation.
Additional Information None
Attached Documents  

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.

Company Performance

EAST PIPES
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Key Parameters
Last Price 139.0
Net Change 1.0 (+0.72%)
Value Traded (Sar) 24,308,392.8
Volume Traded 176,461
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