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National Industrialization Co. announces its Interim Financial Results for the Period Ending on 2022-03-31 ( Three Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 979.2725.434.9871,163-15.803
Gross Profit (Loss) 288.2186.654.448331.1-12.956
Operational Profit (Loss) 543.2561.9-3.327818.3-33.618
Net Profit (Loss) after Zakat and Tax 309327.5-5.648338.7-8.768
Total Comprehensive Income 721.3341.9110.968372.793.533
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (after Deducting Minority Equity) 9,423.37,611.523.803
Profit (Loss) per Share 0.460.49
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 Decrease in net profit is primarily attributable to decrease in share of profit from investments in associates and joint ventures mainly resulting from higher average feedstock cost and lower sales volumes of certain products, despite of increase in sales revenue due to improvement in average selling prices of most of the products.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is Decrease in net profit is primarily attributable to decrease in sales revenue and share of profit from investments in associates and joint ventures due to lower average selling prices and sales volumes of certain products and higher general administrative and marketing expenses despite of lower impairment of non-current assets, decrease in zakat provisions and higher other income.
Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items Certain corresponding figures for the comparative periods have been restated in compliance with the applicable accounting standards.

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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