Electrical Industries Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

Electrical Industries Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

|Element List||Current Quarter||Similar quarter for previous year||%Change||Previous Quarter||% Change|

|Sales/Revenue||542,089||380,168||42.591||411,861||31.619|

|Gross Profit (Loss)||150,374||78,827||90.764||125,464||19.854|

|Operational Profit (Loss)||99,073||47,018||110.712||80,106||23.677|

|Net profit (Loss)||75,230||35,139||114.092||59,466||26.509|

|Total Comprehensive Income||74,526||35,840||107.94||57,100||30.518|

|All figures are in (Thousands) Saudi Arabia, Riyals|

|Element List||Current Period||Similar period for previous year||%Change|

|Total Share Holders Equity (After Deducting the Minority Equity)||734,732||666,806||10.186|

|Profit (Loss) per Share||0.07||0.03|

|All figures are in (Thousands) Saudi Arabia, Riyals|

|Element List||Percentage of the capital (%)||Amount|

|Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value||-||-|

|All figures are in (Thousands) Saudi Arabia, Riyals|

|Element List||Explanation|

|The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is||The increase in sales in the current quarter compared with the same quarter from last year was driven by rising demand across all sectors within the Kingdom of Saudi Arabia. This increase in sales was particularly evident in high-voltage substation projects, distribution network infrastructure projects, and a series of new industrial projects, including the Oil & Gas sector.|

|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 increase in net profit for the current quarter compared with the same quarter from last year is mainly attributed to Increase of sales from SR