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Arabian Pipes Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

2200
APC
3.77 %
1445/11/04     12/05/2024 08:01:04

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 308.74214.6843.814302.672.005
Gross Profit (Loss) 95.2628.67232.26368.9138.238
Operational Profit (Loss) 64.2113.91361.6148.8931.335
Net profit (Loss) 54.7911.49376.84940.6934.652
Total Comprehensive Income 54.7911.49376.84940.3935.652
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) 287.91112.8155.239
Profit (Loss) per Share 5.481.15
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 Revenue increased to SAR 308.74 million for the first quarter of financial year 2024 (“Q1 2024”) from SAR 214.68 million for the first quarter of financial year 2023 (“Q1 2023”) as a result of the increased in sales volume.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is Net profit of SAR 54.79 million for Q1 2024 compared to a net profit of SAR 11.49 million for Q1 2023 is due to gross profit increased to SAR 95.26 million in Q1 2024 from SAR 28.67 million in Q1 2023, as a result of the increase in volume mainly due to increase in sales volume, primarily attributed to the efficiency of production and supply during the first quarter. Additionally, the company has continued to improve production costs and financial expenses.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is Revenue increased to SAR 308.74 million for Q1 2024 from SAR 302.67 million for the fourth quarter of financial year 2023 (“Q4 2023”) mainly as a result of the increase in sales volume.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is Net profit of SAR 54.79 million for Q1 2024 compared to a net profit of SAR 40.69 million for fourth quarter (Q4 2023) is due to gross profit increased to SAR 95.26 million in Q1 2024 from SAR 68.91 million in fourth quarter (Q4 2023), as a result of the increase in volume mainly due to increase in sales volume, primarily attributed to the efficiency of production and supply during the first quarter. Additionally, the company has continued to improve production costs and financial expenses.
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) Non
Reclassification of Comparison Items Some of the comparative figures have been reclassified and adjusted
Additional Information Attachment
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.

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Last Price 132.0
Net Change 4.8 (+3.77%)
Value Traded (Sar) 19,134,380.2
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