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Arabian Pipes Co. announces its Annual Financial results for the period ending on 2024-12-31
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1446/08/28 27/02/2025 08:19:43
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 1,138.27 | 1,089.13 | 4.51 | ||
| Gross Profit (Loss) | 283.19 | 237.27 | 19.35 | ||
| Operational Profit (Loss) | 233.49 | 180.86 | 29.1 | ||
| Net profit (Loss) | 168.18 | 132.11 | 27.3 | ||
| Total Comprehensive Income | 168.2 | 131.81 | 27.61 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 401.32 | 233.12 | 72.15 | ||
| Profit (Loss) per Share | 1.12 | 0.88 | |||
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | Revenue increased by 4.51% equivalent to SAR 1,138.27 Million for the financial year 2024 compared to SAR 1,089.13 Million for the previous financial year 2023 as a result of the increase in sales volume and the continued acquisition of projects for the company's factories to support production levels. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | Net profit increased by 27.31% equivalent to SAR 168.18 million for the financial year 2024 compared to a net profit of SAR 131.81 million for the financial year 2023, due to gross profit increased to SAR 283.19 million for the financial year 2024 from SAR 237.27 million in the financial year 2023, as a result of increase in sales volume, which is primarily attributed to the efficiency of production and supply during fiscal year 2024. |
| Statement of the type of external auditor's report | Unmodified opinion |
| 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 | N/A |
| Additional Information | Attached |
| 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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