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Arabian Pipes Co. announces its Interim Financial results for the Period Ending on 2024-09-30 ( Nine Months )

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1446/04/28     31/10/2024 08:04:05

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 318.47234.1236.028343.07-7.17
Gross Profit (Loss) 63.7359.756.66185.25-25.243
Operational Profit (Loss) 55.6939.3641.48866.13-15.787
Net profit (Loss) 43.8936.7419.46157.05-23.067
Total Comprehensive Income 43.8936.7419.46157.05-23.067
All figures are in (Millions) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 970.28767.0826.49
Gross Profit (Loss) 244.25159.1953.433
Operational Profit (Loss) 194.16118.4863.875
Net profit (Loss) 155.7293.6966.207
Total Comprehensive Income 155.7293.6966.207
Total Shareholders Equity (after Deducting Minority Equity) 388.84206.4688.336
Profit (Loss) per Share 10.386.25
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 --
Accumulated Losses --
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 Revenue increased by 36.03% equivalent to SAR 318.47 million for the 3rd quarter of the financial year 2024 compared to SAR 234.12 million for the 3rd quarter of the financial year 2023 as a result of the increased in sales volume.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is Net profit increased by 19.45%, equivalent to 43.89 million SAR in the 3rd quarter of the financial year 2024, compared to a net profit of 36.74 million SAR in the 3rd quarter of the financial year 2023. This is primarily attributed to the increase in gross profit by 6.67%, equivalent to 63.73 million SAR in the 3rd quarter of the financial year 2024, compared to 59.75 million SAR in the 3rd quarter of the financial year 2023. as a result of the increase in volume mainly due to the continued increase in sales volume, which is primarily attributed to the efficiency of production and supply during the third quarter of the fiscal year 2024.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is Revenue decreased by 7.17%, equivalent to 318.47 million SAR in the 3rd quarter of the financial year 2024, compared to 343.07 million SAR in the 2nd quarter of the financial year 2024. This is mainly due to the change in the sales mix of products and the supply schedules for customers.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is Net profit decreased by 23.06%, equivalent to 43.89 million SAR in the 3rd quarter of the financial year 2024, compared to a net profit of 57.05 million SAR in the 2nd quarter of the financial year 2024. This is primarily attributed to a decline in gross profit by 25.24%, equivalent to 63.73 million SAR in the 3rd quarter of the financial year 2024, compared to 85.25 million SAR in the 2nd quarter of the financial year 2024. This is mainly due to the change in the sales mix of products and the supply schedules for customers.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is Revenue increased to SAR 970.28 million for the current period of the financial year 2024 from SAR 767.08 million compared with the same period of the financial year 2023, as a result of the increased in sales volume.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is Net profit of SAR 155.72 million for the current period of the financial year 2024 compared to a net profit of SAR 93.69 million for the same period of the financial year 2023 is due to gross profit increased to SAR 244.25 million in the current period of the financial year 2024 from SAR 159.19 million in the same period of the financial year 2023, as a result of the increase in volume mainly due to the continued increase in sales volume, which is primarily attributed to the efficiency of production and supply during this period of the fiscal year 2024.
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) Nothing
Reclassification of Comparison Items Some of the comparative figures have been reclassified and adjusted
Additional Information Attachment
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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Last Price 12.3
Net Change 0.08 (+0.65%)
Value Traded (Sar) 20,857,502.82
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