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National Industrialization 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 1,077.1780.438.02979.210
Gross Profit (Loss) 259.1219.418.09288.2-10.1
Operational Profit (Loss) 563.2608.7-7.47543.23.68
Net Profit (Loss) after Zakat and Tax 297.1356.7-16.71309-3.85
Total Comprehensive Income 107.5441.6-75.66721.3-85.1
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 2,056.31,505.836.56
Gross Profit (Loss) 547.340634.8
Operational Profit (Loss) 1,106.31,170.6-5.49
Net Profit (Loss) after Zakat and Tax 606.1684.3-11.43
Total Comprehensive Income 828.7783.45.78
Total Share Holders Equity (after Deducting Minority Equity) 9,530.88,053.118.35
Profit (Loss) per Share 0.911.02
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 joint ventures mainly resulting from higher average feedstock and logistics costs and lower average selling prices for some of the products in addition to increase in Zakat provisions and financial charges, despite increase in revenue due to improved average selling prices of downstream products and sales volume of certain products, lower general and admin expenses and higher other income.
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 increase in raw material costs, financial charges and Zakat provisions despite increase in average selling prices and sales volumes of certain products, higher other income and increase in share of profit from investments in associates.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is Decrease in net profit is primarily attributable to decrease in share of profit from investments in joint ventures mainly resulting from higher average feedstock and logistics costs and lower average selling prices for some of the products, despite increase in revenue due to improved average selling prices of downstream products and sales volume of certain products, lower general and admin expenses and higher other income.
Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items 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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