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Middle East Specialized Cables Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

2370
MESC
1.12 %
1445/11/08     16/05/2024 15:49:44

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 291.3218.633.257262.510.971
Gross Profit (Loss) 53.835.352.40743.324.249
Operational Profit (Loss) 31.41784.70520.850.961
Net profit (Loss) 2612.4109.67710.5147.619
Total Comprehensive Income 2612.4109.67710.9138.532
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) 403.6340.718.461
Profit (Loss) per Share 0.650.31
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 --
Accumulated Losses 7.128.2
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 The reason for increase in sales volume during current quarter compared to similar quarter of last year is due to the increase in demand in all sectors during the current period, especially in the oil and gas projects sector.
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 reason for increase in net profit during current quarter compared to similar quarter of last year is due to the increase in sales volume and gross margin during current quarter.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The reason for increase in sales volume during current quarter compared to last quarter is due the increase in demand in all sectors during the current period, especially in the oil and gas projects sector.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The reason for increase in net profit during current quarter compared to last quarter is due to the increase in sales volume and gross margin during current quarter.
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) N/A
Reclassification of Comparison Items Certain comparative figures have been re-classified to conform to the presentation of the current period.
Additional Information -

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 31.6
Net Change 0.35 (+1.12%)
Value Traded (Sar) 15,683,166.75
Volume Traded 495,074
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