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National Environmental Recycling Co. announces its Interim Financial results for the Period Ending on 2025-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 267,543,614 | 200,671,131 | 33.324 | 210,088,340 | 27.348 |
| Gross Profit (Loss) | 28,469,526 | 11,739,528 | 142.509 | 22,284,372 | 27.755 |
| Operational Profit (Loss) | 22,389,815 | 9,340,008 | 139.719 | 19,823,932 | 12.943 |
| Net profit (Loss) | 18,274,550 | 8,076,687 | 126.262 | 16,034,004 | 13.973 |
| Total Comprehensive Income | 18,274,550 | 8,076,687 | 126.262 | 16,044,577 | 13.898 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 256,460,750 | 210,048,947 | 22.095 |
| Profit (Loss) per Share | 0.16 | 0.14 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| 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 increase in revenues by over 33% during this period compared to the same period last year is due to: 1. Higher volume of products sold 2. Fully operationalization of new facility during the 2nd half of 2024 which led to the increase of revenues in the current quarter as compared to the same quarter of last year |
| 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 increase in net profit of over 126% during this period compared to the same period last year is due to: 1. Continuous increase in utilization of the production line 2. Operational and administrative cost control across various departments. 3. Replacement of rented equipment's with purchased equipment, which led to the decrease of operational costs |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The increase in revenues during this period compared to the previous quarter is due to: 1. Higher sales volume |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The increase in net profit during this period compared to the previous quarter is due to: 1. Increase in sales by over 27% |
| 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 | None |
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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