10/25/2021 | Press release | Distributed by Public on 10/25/2021 22:16
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Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
Sales/Revenue | 6,698,517,103 | 4,659,154,265 | 43.771 | 6,101,453,119 | 9.785 |
Gross Profit (Loss) | 2,267,276,784 | 668,409,245 | 239.204 | 2,056,799,207 | 10.233 |
Operational Profit (Loss) | 1,872,990,918 | 249,528,715 | 650.611 | 1,612,089,660 | 16.184 |
Net Profit (Loss) after Zakat and Tax | 1,271,851,410 | 6,472,900 | 19,548.865 | 1,104,516,722 | 15.15 |
Total Comprehensive Income | 1,270,132,089 | 43,420,212 | 2,825.209 | 1,137,952,991 | 11.615 |
All figures are in (Actual) Saudi Arabia, Riyals |
Element List | Current Period | Similar period for previous year | %Change |
Sales/Revenue | 18,249,736,343 | 13,030,726,855 | 40.051 |
Gross Profit (Loss) | 5,760,472,152 | 1,244,158,606 | 363.001 |
Operational Profit (Loss) | 4,532,060,933 | -33,124,764 | - |
Net Profit (Loss) after Zakat and Tax | 3,137,523,887 | -780,926,560 | - |
Total Comprehensive Income | 3,203,343,365 | -983,634,126 | - |
Total Share Holders Equity (after Deducting Minority Equity) | 33,436,165,666 | 29,656,975,642 | 12.743 |
Profit (Loss) per Share | 2.55 | -0.63 | |
All figures are in (Actual) 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 reasons for the increase in net profit during the current quarter compared to the same quarter of the last year are:
• Higher average realized sales prices of all products except gold. • Higher share in net profit of joint ventures attributable to Ma'aden and higher other income. • Lower costs (selling, marketing and logistic expenses by 3%, general and administrative expenses by 6%, exploration and technical services expenses by 14% and finance cost by 11%). This increase is partially offset by: • Lower sales volume of all products except alumina and Meridian sales. • Higher cost of sales by 11% and higher zakat and income tax expense by 154%. |
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is |
The reasons for the increase in net profit during the current quarter compared to the previous quarter are:
• Higher average realized sales prices of all products except alumina and gold. • Higher sales volume except ammonia phosphate fertilizer, flat rolled products and gold. • Lower costs (selling, marketing and logistic expenses by 18%, general and administrative expenses by 9%, and zakat and income tax expense by 10%). This increase is partially offset by: • Lower share in net profit of joint ventures attributable to Ma'aden. • Higher cost of sales by 10% and higher exploration and technical services expenses by 3%. |
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is |
The reasons for the increase in net profit during the current period compared to the same period of the last year are:
• Higher average realized sales prices of all products. • Higher share in net profit of joint ventures attributable to Ma'aden and higher other income. • Lower costs (general and administrative expenses by 5%, exploration and technical services expenses by 30% and finance cost by 35%). This increase is partially offset by: • Lower sales volume except alumina, primary aluminum, flat rolled products and Meridian sales. • Lower income from time deposits. • Higher costs (cost of sales by 6%, selling, marketing and logistic expenses by 10% and zakat and income tax expense by 256%). |
Statement of the type of external auditor's report | Unmodified conclusion |
Reclassification of Comparison Items | N/A |
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