Saudi Advanced Industries Co. announces its Interim Financial Results for the Period Ending on 2023-03-31 ( Three Months )

Saudi Advanced Industries Co. announces its Interim Financial Results for the Period Ending on 2023-03-31 ( Three Months )

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

|Sales/Revenue||25.35||34.44||-26.39||24.55||3.26|

|Gross Profit (Loss)||25.35||34.44||-26.39||24.55||3.26|

|Operational Profit (Loss)||22.57||31||-27.19||21.79||3.58|

|Net Profit (Loss) after Zakat and Tax||22.07||30.94||-28.67||19.85||11.18|

|Total Comprehensive Income||23.4||30.04||-22.1||-3.35||-|

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

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

|Total Share Holders Equity (after Deducting Minority Equity)||924.58||967.97||-4.48|

|Profit (Loss) per Share||0.37||0.52|

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

|Element List||Explanation|

|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 decrease in net profit for the current quarter compared to the same quarter of the previous year is due to:

|

• decrease in share of net profit of associate.

• decrease in dividends.

• increase in the zakat expenses.

even though:

• increase in realized gain from financial assets at FVPL.

• increase in unrealized gain from financial assets at FVPL.

• decrease in general and administrative expenses.

|The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is|| The Increase in net profit for the current quarter compared to the previous quarter is due to:

|

• increase in dividends.

• increase in realized gain from financial assets at FVPL.

• decrease in the zakat expenses.

even though:

• decrease in share of net