Saudi Advanced Industries Co. — Earnings Release 2021

Apr 26, 2021

Saudi Advanced Industries Co. announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )

2120 · 26/04/2021 16:03:07 · Announcement #63024 · View on Saudi Exchange

Saudi Advanced Industries Co. announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	19.69	10.72	83.675	9.75	101.948
Gross Profit (Loss)	19.69	10.72	83.675	9.75	101.948
Operational Profit (Loss)	17.54	8.68	102.073	7.66	128.981
Net Profit (Loss) after Zakat and Tax	17.05	8.35	104.191	5.52	208.876
Total Comprehensive Income	39.59	-46.23	-	20.56	92.558
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)	879.35	752.6	16.841
Profit (Loss) per Share	0.34	0.17
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 for current quarter compared to the same quarter of the previous year is due to:

Increase in revenues due to increase in company shares from subsidiaries profits, although decrease in dividends distribution and decrease in financial costs, although there is increase in general and administrative expenses, zakat expenses and decrease in other income during current quarter compared to the same quarter of the previous year.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 Increase in net profit for current quarter compared to the previous quarter is due to:

Increase in revenues due to increase in company shares from subsidiaries profits and increase in dividends distribution and increase in other income and decrease in zakat expenses, although there is increase in general and administrative expenses during current quarter compared to the previous quarter.Statement of the type of external auditor's report Unmodified conclusionReclassification of Comparison Items N/AAdditional Information Total shareholders ' equity (no minority interest) as at the end of current quarter amount 879.35 million compared to amount 752.60 million at the end of the same quarter of the previous year, with an increase of 16.84%

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