National Gas and Industrialization Co. announces its Interim Financial Results for the Period Ending on 2023-09-30 ( Nine Months

National Gas and Industrialization Co. announces its Interim Financial Results for the Period Ending on 2023-09-30 ( Nine Months

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

|Sales/Revenue||609.6||512.7||18.9||567.4||7.44|

|Gross Profit (Loss)||77.2||62.5||23.52||72.7||6.19|

|Operational Profit (Loss)||31.9||18.5||72.43||27.5||16|

|Net Profit (Loss) after Zakat and Tax||57.2||57||0.35||54.5||4.95|

|Total Comprehensive Income||15.9||40.8||-61.03||19.1||-16.75|

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

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

|Sales/Revenue||1,792||1,509||18.75|

|Gross Profit (Loss)||240.2||211||13.84|

|Operational Profit (Loss)||109.8||77.4||41.86|

|Net Profit (Loss) after Zakat and Tax||184.7||159.4||15.87|

|Total Comprehensive Income||172.7||74.5||131.81|

|Total Share Holders Equity (after Deducting Minority Equity)||1,832.7||1,690.6||8.4|

|Profit (Loss) per Share||2.46||2.13|

|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 increase in net profit by SR 0.2 million is mainly due to the followings:

|

- Increase in gross profit by SR 15 million as a result of the increase in revenues.

- Increase in the share of results of associates by SR 2 million.

- Increase in finance income by SR 1 million.

Despite the:

- Decrease in other income by SR 10 million.

- Decrease in investments income by SR 7 million.

- Increase operating expenses by SR 1 million.

|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 by SR 3 million is mainly due to the followings:

|

-