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Almasane Alkobra Mining 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 144,644,174146,623,161-1.35157,991,124-8.45
Gross Profit (Loss) 56,849,08071,501,533-20.4968,057,844-16.47
Operational Profit (Loss) 41,597,11956,507,517-26.3949,660,745-16.24
Net Profit (Loss) after Zakat and Tax 40,413,72758,429,719-30.8341,815,038-3.35
Total Comprehensive Income 41,699,02357,890,112-27.9741,598,6050.24
All figures are in (Actual) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 302,635,298264,209,93514.54
Gross Profit (Loss) 124,906,924118,611,5895.31
Operational Profit (Loss) 91,257,86492,494,730-1.34
Net Profit (Loss) after Zakat and Tax 82,228,76592,753,328-11.35
Total Comprehensive Income 83,297,62892,213,721-9.67
Total Share Holders Equity (after Deducting Minority Equity) 1,337,034,807544,199,769145.69
Profit (Loss) per Share 1.371.69
All figures are in (Actual) 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 decrease in net profit during the current quarter compared to the same quarter of last year is due to the decrease in sales as a result of the decrease in the realized prices for most minerals despite the increase in production and selling quantities, in addition to the increase in the cost of sales due to the increase in the amount of sales and the increase in the calculation of extinguishing fees and the financial consideration for exploitation in addition to the increase in taxes And zakat in the current quarter due to the registration of a credit tax in the same quarter of last year, which was offset by an increase in other revenues.
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 reason for the slight decrease in net profit for the current quarter compared to the previous quarter is due to a slight decrease in sales by 8% as a result of the decrease in the realized prices of most minerals, despite the increase in production and selling quantities, which was offset by a decrease in general and administrative expenses and financing cost, an increase in other revenues and a decrease in Zakat expense.
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 decrease in net profit during the current period compared to the same period last year is due to the increase in general and administrative expenses as a result of the company’s registration of its share and expenses related to the initial public offering, in addition to the increase in selling and marketing expenses and increase in Zakat expense compared to a credit tax in the same period of last year, despite an increase in sales and gross profit during the period as a result of the operation of the Guyan mine at full capacity.
Statement of the type of external auditor's report Unmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion N/A
Reclassification of Comparison Items Certain of the prior period amounts have been reclassified to conform with the presentation in the current period. These changes have been made to improve the quality of information presented. Such reclassification changes do not affect previously reported profit or equity.
Additional Information Profit per share is calculated by dividing the profit after zakat and taxes by the weighted average number of ordinary shares outstanding during the period amounting to 60,159,752 shares (30-Jun-2021: 54,870,015 shares).

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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