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Watani Iron Steel Co. announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )

Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 311,357,058322,021,437-3.31
Gross Profit (Loss) 36,247,13640,684,266-10.91
Operational Profit (Loss) 28,829,93633,822,940-14.76
Net Profit (Loss) after Zakat and Tax 25,487,68330,000,950-15.04
Total Comprehensive Income 25,487,68330,000,950-15.04
Total Share Holders Equity (after Deducting Minority Equity) 212,716,013170,329,35924.89
Profit (Loss) per Share 2.12.48
All figures are in (Actual) Saudi Arabia, Riyals
Element ListExplanation
Increase (Decrease) in Net Profit for Current Period Compared to Previous Period is Attributed to The decrease in the amount of sales and then the decrease in the net profit for the period compared to the same period of the previous year is noted due to the low rates of demand for rebar, despite the high rate of profitability per ton compared to the same period in the previous year
Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items Some indicators have been reclassified to conform to the classifications of the current period

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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