IssuerAnnouncementDetailsV2Portlet

Actions

Al Yamamah Steel Industries Co. announces its Interim Financial results for the Period Ending on 2024-06-30 ( Nine Months )

1304
ALYAMAMAH STEEL
2.40 %
1446/02/04     08/08/2024 15:59:23

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 425.681265.25160.482496.944-14.34
Gross Profit (Loss) 47.561-26.217-68.323-30.388
Operational Profit (Loss) 25.827-43.266-47.769-45.933
Net profit (Loss) 6.447-47.37-30.542-78.891
Total Comprehensive Income 6.447-47.37-30.542-78.891
All figures are in (Millions) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 1,553.341,114.13139.421
Gross Profit (Loss) 188.877-37.105-
Operational Profit (Loss) 122.715-88.437-
Net profit (Loss) 66.538-107.164-
Total Comprehensive Income 66.538-107.164-
Total Shareholders Equity (after Deducting Minority Equity) 584.685539.3788.399
Profit (Loss) per Share 1.31-2.11
All figures are in (Millions) Saudi Arabia, Riyals


Element ListAmountPercentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value --
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 main reason for the increase in sales by SAR 160.43 million, the rate of 60.48%, is due to the increase in the quantity and value of sales in the renewable energy sector, which rose to 653.28% and 537.40%, respectively, in addition to the increase in the quantity and value of sales in the construction sector by 110.40% and 87.96%, respectively.
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 achieved a net profit during the current quarter of 2024 amounting to SAR 6.44 million, compared to a net loss amounting to SAR (47.37) million during the same quarter of the previous year as a result of the decrease in the cost of sales by 40.87% and 12.26% in the construction and electricity sectors, respectively. These rates are higher than the rates of the decrease in the selling prices of products in these sectors, amounted 10.67% and 15.38%, in the two secters, respectively. In addition to the increase in the quantity and value of sales in the construction and renewable energy sectors.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The main reason for the decrease in salesThe main reason for the decrease in sales by SAR 71.26 million, the rate of 14.34%, is due to the decrease in the quantity and value of sales in the construction sector by 1.54% and 7.55%, respectively, and by 20.97% and 11.37%, respectively in the electricity sector. In addition to the decrease in the selling price of the products by 6.11% and 33.19% in the construction and renewable energy sectors, respectively. The decrease in the sold quantities was attributed to coinciding the current quarter with Eid Al Fitr and Eid Al Adha holidays.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The main reason for the decrease in net profit during the current quarter in the amount of SAR 24.09 Million, the rate of 78.98% compared to the previous quarter, is due to the decrease in the selling price of products in the renewable energy and the construction sector by by 33.19% and 6.11%, respectively. In addition to decrease in the sold quantities as a result of coinciding the current quarter with Eid Al Fitr and Eid Al Adha holidays.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is The main reason for the increase in sales by SAR 439.21 million, the rate of 39.42%, is due to the increase in the quantity and value of sales in the construction sector by 20.22% and 10.49%, respectively, and also to the increase in the renewable energy sector by 673.28% and 746.94%, respectively, in addition to The selling price of renewable energy sector products increased by 9.53%.
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 main reason for the company achieving a net profit of SAR 66.54 million during the current period compared to a net loss of SAR (107.16) million during the same period of the previous year is the decrease in the cost of sales by 28.14% and 16.55% in the construction and electricity sectors, respectively, in addition to increase in the quantity and value of sales in the construction sector by 20.22% and 10.49%, respectively. They also increased in the renewable energy sector by 673.28% and 746.94%, respectively, despite the increase in operating expenses by 14.82 million Saudi riyals, by 28.89%.
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) No.
Reclassification of Comparison Items Certain comparative figures have been reclassified to conform to the presentation for the current period.
Additional Information No.

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.

Previous Announcements

View all announcements

Company Performance

ALYAMAMAH STEEL
Add To Watchlist
In your Watchlist
Add To Watchlist
Key Parameters
Last Price 38.4
Net Change 0.9 (+2.4%)
Value Traded (Sar) 25,232,260.2
Volume Traded 660,289
See The Company Profile

LoginPortletPopupv2

Actions

AddtoWatchlistv2

Actions
NO PORTLET SESSION YET