AnnouncementDetails

Actions

Saudi Vitrified Clay Pipes Co. announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 12.7522.66-43.7318.54-31.23
Gross Profit (Loss) -4.574.41-2.89-
Operational Profit (Loss) -9.82-0.781,158.971.98-
Net Profit (Loss) after Zakat and Tax -10.48-1.43632.871.28-
Total Comprehensive Income -10.48-1.43632.871.28-
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 31.2947.41-34
Gross Profit (Loss) -1.6811.54-
Operational Profit (Loss) -7.830.78-
Net Profit (Loss) after Zakat and Tax -9.21-1.21661.16
Total Comprehensive Income -9.21-1.21661.16
Total Share Holders Equity (after Deducting Minority Equity) 267.73277.77-3.61
Profit (Loss) per Share -0.61-0.08
All figures are in (Millions) Saudi Arabia, Riyals
Element ListExplanation
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 reason for the increase in net losses during the current quarter compared to the same quarter of the previous year is due to the decrease in sales as a result of the decrease in the volume of demand for pipes in general due to the slowdown of projects and the increase of cost of sales
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is The increase in net losses during the current quarter compared to the previous quarter is due to the decrease of sales and increase costs cost of sales.
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 reason for the increase in net losses during the current period compared to the same period of the previous year is due to the decrease of sales as a result of the decrease in the volume of demand for pipes in general due to the slowdown of projects and increase in the cost of sales
Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items N/A
Additional Information The company achieved a margin of losses during the second quarter of 2022 due to decrease of sales and production volume, which led to a significant increase in production costs due to fixed cost and high costs of some production inputs.

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.

Company Profile

Actions

Company Profile

Summary

Last Price Net Change
0.0 0.0 (0.0%)
Value Traded (SAR) Volume Traded
0 0