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

Saudi Industrial Export 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||4.33||0.06||7,116.67||0.09||4,711.11|

|Gross Profit (Loss)||0.33||0.06||450||0.09||266.67|

|Operational Profit (Loss)||-2.14||-4.73||-54.76||-4.91||-56.41|

|Net Profit (Loss) after Zakat and Tax||-1.72||-4.88||-64.75||-2.95||-41.69|

|Total Comprehensive Income||-1.72||-4.88||-64.75||-2.84||-39.44|

|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)||158.3||8.08||1,859.16|

|Profit (Loss) per Share||-0.09||-1.12|

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

|Accumulated Losses||Capital||Percentage %|

|-37.21||194.4||-19.14|

|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 loss compared to the same quarter of the previous year 2022 is a result of the company's increased sales and the decrease in provision for other debit balances compared to the same quarter of the previous year 2022. Additionally, the company made profits from its investments by utilizing a portion of its cash liquidity, even though administrative expenses increased.|

|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 decrease in the net loss in the current quarter of 2023 AD compared to the previous quarter of 2022 AD can be attributed to an increase in sales and an increase