Saudi Advanced Industries Co. announces its Interim Financial Results for the Period Ending on 2023-03-31 ( Three Months )
- Date: 17-May-2023
- Source: Mubasher
- Sector:Industrial
- Country:Saudi Arabia
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