Saudi Industrial Investment Group announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )
- Date: 01-Aug-2023
- Source: Mubasher
- Sector:Industrial
- Country:Saudi Arabia
Saudi Industrial Investment Group announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )
|Element List||Current Quarter||Similar quarter for previous year||%Change||Previous Quarter||% Change|
|Sales/Revenue||-||-||-||-||-|
|Gross Profit (Loss)||-||-||-||-||-|
|Operational Profit (Loss)||119||299||-60.2||-237||-|
|Net Profit (Loss) after Zakat and Tax||120||284||-57.75||-242||-|
|Total Comprehensive Income||120||284||-57.75||-242||-|
|All figures are in (Millions) Saudi Arabia, Riyals|
|Element List||Current Period||Similar period for previous year||%Change|
|Sales/Revenue||-||-||-|
|Gross Profit (Loss)||-||-||-|
|Operational Profit (Loss)||-118||672||-|
|Net Profit (Loss) after Zakat and Tax||-121||519||-|
|Total Comprehensive Income||-121||519||-|
|Total Share Holders Equity (after Deducting Minority Equity)||10,566||11,396||-7.28|
|Profit (Loss) per Share||-0.16||0.88|
|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 reason for the decrease in net income during the current quarter compared to the same quarter of the previous year
|
1. SIIG’s share of profit of the joint ventures has decreased in the current quarter because of a decrease in the selling price of products.
|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 reasons for the improvement in results during the current quarter compared to the previous quarter are:
|
1. An increase in the SIIG's share in the profits of joint ventures during the current quarter, due to the unplanned shutdown of the Saudi Polymer Company project during