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Al Abdullatif Industrial Investment Co. announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 123.53 | 168.23 | -26.57 | 140.28 | -11.94 |
| Gross Profit (Loss) | -4.62 | 10.52 | - | -4.84 | -4.54 |
| Operational Profit (Loss) | -12.08 | 1.57 | - | -11.85 | 1.94 |
| Net Profit (Loss) after Zakat and Tax | -19.76 | -3.45 | 472.75 | -20 | -1.2 |
| Total Comprehensive Income | -19.76 | -3.45 | 472.75 | -20 | -1.2 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 263.8 | 349.88 | -24.6 |
| Gross Profit (Loss) | -9.46 | 13.42 | - |
| Operational Profit (Loss) | -23.93 | -6.14 | 289.74 |
| Net Profit (Loss) after Zakat and Tax | -39.76 | -15.56 | 155.53 |
| Total Comprehensive Income | -39.76 | -15.56 | 155.53 |
| Total Share Holders Equity (after Deducting Minority Equity) | 1,241.71 | 1,079.35 | 15.04 |
| Profit (Loss) per Share | -0.49 | -0.19 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Accumulated Losses | Capital | Percentage % | |
|---|---|---|---|
| 67.04 | 812.5 | 8.25 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| 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 gross losses and operating losses and an increase in net losses and comprehensive income losses during the current quarter compared to the same quarter of the previous year are due to the decrease in the sales and the increase in the cost of sales attributed to sales in addition to the decrease in other revenues, the increase in general and administrative expenses and financing expenses. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is | The decrease in the gross losses during the current quarter compared to the previous quarter is due to the decrease in the cost of materials attributed to sales. The increase in operating losses is due to the increase in general and administrative expenses. The decrease in net losses and comprehensive income losses is due to the decrease in the component of the zakat provision. |
| 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 reasons for achieving gross losses and increasing operating losses, net losses and comprehensive income losses during the current period compared to the same period of the previous year are due to the decrease in the sales and the increase in the cost of sales attributed to sales in addition to the decrease in other income and the increase in financing expenses. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to conform with the presentation in the current period. |
| Additional Information | 1 - There are no minority rights in the financial statements. 2 - The accumulated losses amounted to 67.04 million, 8.25% of the capital as on 30 June 2023. |
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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