Correction announcement from Arabian Pipes Co. in regards to Arabian Pipes Co. announces its Interim Financial Results for the Period Ending on 2022-03-31 ( Three Months )
- Date: 25-May-2022
- Source: Mubasher
- Sector:Financial Markets
- Country:Middle East
Correction announcement from Arabian Pipes Co. in regards to Arabian Pipes Co. announces its Interim Financial Results for the Period Ending on 2022-03-31 ( Three Months )
|Element List||Explanation|
|Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul's Website||2022-05-24 Corresponding to 1443-10-23|
|URL of the Previous Announcement||Click Here|
|Incorrect statements in the previous announcement||It was mentioned in the announcement The net losses for the current quarter is SR (13.2) MM compared to a losses of SR (31.2) MM for the previous quarter. The reason for the reduction in the losses in this quarter is due to the increase in sales compared to the previous quarter, where the sales of the current quarter reached around SR 63.1 MM compared to SR 23.3 MM in previous quart.|
|Correct Statement|| the correct
|
The net losses for the current quarter is SR (13.2) MM compared to a losses of SR (31.2) MM for the previous quarter. The reason for the reduction in the losses in this quarter is due to the increase in sales compared to the previous quarter, where the sales of the current quarter reached around SR 63.1 MM compared to SR 48.9 MM in previous quart.
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