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Saudi Industrial Export 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 | 2.82 | 0.04 | 6,950 | 4.34 | -35.02 |
| Gross Profit (Loss) | -0.78 | 0.04 | - | 0.33 | - |
| Operational Profit (Loss) | -1.04 | -7.92 | -86.87 | -2.14 | -51.4 |
| Net Profit (Loss) after Zakat and Tax | -0.62 | -7.93 | -92.18 | -1.72 | -63.95 |
| Total Comprehensive Income | -0.62 | -7.93 | -92.18 | -1.72 | -63.95 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 7.16 | 0.11 | 6,409.09 |
| Gross Profit (Loss) | -0.44 | 0.11 | - |
| Operational Profit (Loss) | -3.18 | -12.79 | -75.14 |
| Net Profit (Loss) after Zakat and Tax | -2.34 | -12.81 | -81.73 |
| Total Comprehensive Income | -2.34 | -12.81 | -81.73 |
| Total Share Holders Equity (after Deducting Minority Equity) | 157.69 | 168.19 | -6.24 |
| Profit (Loss) per Share | -0.12 | -1.59 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Accumulated Losses | Capital | Percentage % | |
|---|---|---|---|
| -37.83 | 194.4 | -19.46 | |
| 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 decrease in net loss compared to the same quarter of the previous year 2022 is a result of the company's increased sales and. Additionally, the company made profits from its investments by utilizing a portion of its cash liquidity, even though administrative expenses increased. |
| 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 net loss in the current quarter of 2023 AD compared to the previous quarter of 2022 AD can be attributed to an increase in the company made profits from its investments, even though administrative expenses increased. |
| 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 decrease in net loss compared to the same period of the previous year 2022 is a result of the company's increased sales and the decrease in provision fer other debit balances compared to the same period of the previous year 2022. Additionally, the company made profits from its investments by utilizing a portion of its cash liquidity, even though administrative expenses increased. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | Some figures for the previous period have been reclassified to conform to the presentation of the current period |
| Additional Information | The loss of the stock for the current period for 2023 was calculated on the weighted average number of shares of 19,440,000 shares. The loss of the shares for the same period in the previous year 2022 was calculated on the weighted average number of shares of 8,031,381 shares. The weighted average number of shares was calculated based on the approval of the Extraordinary General Assembly on 15-02-22 AD on the reduction of the company's capital from sixty-four million and eight hundred thousand riyals (64,800.000 Riyals) to twenty-one million and six hundred thousand riyals (21,600,000 riyals) and by 66.66% and write off 4,320,000 shares, - The company's accumulated losses for the current period ended 30/06/2023 amounted to SR 37,831,376 representing 19.46% of the company's capital amounted |
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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