IssuerAnnouncementDetailsV2Portlet
Gas Arabian Services Co. announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )
Element List | Current Period | Similar period for previous year | %Change | ||
---|---|---|---|---|---|
Sales/Revenue | 351,217,125 | 188,986,106 | 85.84 | ||
Gross Profit (Loss) | 53,828,650 | 35,727,218 | 50.66 | ||
Operational Profit (Loss) | 35,051,558 | 20,957,193 | 67.25 | ||
Net Profit (Loss) after Zakat and Tax | 35,480,819 | 17,848,691 | 98.79 | ||
Total Comprehensive Income | 35,480,819 | 17,848,691 | 98.79 | ||
Total Share Holders Equity (after Deducting Minority Equity) | 314,599,430 | 264,414,489 | 18.98 | ||
Profit (Loss) per Share | 0.22 | 0.11 | |||
All figures are in (Actual) Saudi Arabia, Riyals |
Element List | Explanation |
---|---|
Increase (Decrease) in Net Profit for Current Period Compared to Previous Period is Attributed to | The reason for increase in net profit is mainly due to increase of total sales for the current period compared to similar period of previous year and increase in profit share from joint venture and associates during the current period. |
Statement of the type of external auditor's report | Unmodified conclusion |
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion | None |
Reclassification of Comparison Items | None |
Additional Information | For the purpose of calculation of profit (loss) per share, the weighted average number of shares outstanding during the period has been adjusted due to split of the nominal value of shares from SR 10 per share to SR 1 per share and hence the increase in the number of shares from 15.8 million shares to 158 million shares. |
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.