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East Pipes Integrated Company for Industry announces its Interim Financial results for the Period Ending on 2024-06-30 ( Three Months )

1321
EAST PIPES
0.93 %
1446/01/25     31/07/2024 16:07:21

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 364,418,91338,846,285838.104721,752,576-49.509
Gross Profit (Loss) 86,417,207-6,321,359-212,821,771-59.394
Operational Profit (Loss) 86,788,993-11,921,617-205,406,536-57.747
Net profit (Loss) 71,244,701-18,561,259-179,556,936-60.321
Total Comprehensive Income 71,192,367-18,254,653-179,188,622-60.269
All figures are in (Actual) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Total Shareholders Equity (after Deducting Minority Equity) 923,105,613597,186,15354.575
Profit (Loss) per Share 2.26-0.59
All figures are in (Actual) Saudi Arabia, Riyals


Element ListAmountPercentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value --
All figures are in (Actual) 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 company recorded a revenue of SAR 364 million for the first quarter of FY24-25 (“1Q-FY 24-25”), compared to a revenue of SAR 39 million in the similar quarter of FY 23-24 (“1Q-FY 23-24”), This is mainly resulting from the increase in both sales volume and average sales prices.
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 company recorded a profit of SAR 71 million for the first quarter of FY24-25 (“1Q-FY 24-25”), compared to a net loss of SAR 19 million in the similar quarter of FY 23-24 (“1Q-FY 23-24”), This is mainly resulting from the increase in both sales volume and average sales prices.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The company reported a revenue of SAR 364 million in 1Q-FY24-25, compared to a revenue of SAR 722 million in 4Q-FY23-24, The decrease is mainly resulting from the increase of volumetric sales in the previous quarter in line with scheduled delivery plans.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The company reported a net profit of SAR 71 million in 1Q-FY24-25, compared to a net profit of SAR 180 million in 4Q-FY23-24, The decrease is mainly resulting from the increase of volumetric sales in the previous quarter in line with scheduled delivery plans.
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) None.
Reclassification of Comparison Items None.
Additional Information -
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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Key Parameters
Last Price 151.4
Net Change 1.4 (+0.93%)
Value Traded (Sar) 10,075,344.8
Volume Traded 66,916
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