Saudi Advanced Industries Co. — Earnings Release 2020

Mar 16, 2021

Saudi Advanced Industries Co. announces its Annual Financial Results for the Period Ending on 2020-12-31

2120 · 16/03/2021 16:03:23 · Announcement #62276 · View on Saudi Exchange

Saudi Advanced Industries Co. announces its Annual Financial Results for the Period Ending on 2020-12-31

Element List	Current Year	Previous Year	%Change
Sales/Revenue	36.78	44.39	-17.143
Gross Profit (Loss)	36.78	44.39	-17.143
Operational Profit (Loss)	29.07	34.58	-15.934
Net Profit (Loss) after Zakat and Tax	26.07	28.55	-8.686
Total Comprehensive Income	53.43	11.92	348.238
Total Share Holders Equity (after Deducting Minority Equity)	839.75	798.83	5.122
Profit (Loss) per Share	0.52	0.57
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The reasons for the decrease in the net profit for the current year compared with the previous year are:

-decrease in revenue due to decrease in dividends distribution even though increase in company shares from subsidiaries profits, and increase in Zakat expenses, although there is decrease in general and administrative expenses, Financial costs, and write off dividends due from one of the company’s investments during the previous year and increase in other revenues during current year compared with the previous year Statement of the type of external auditor's report Unmodified opinion Reclassification of Comparison Items Certain comparative figures for the previous year have been reclassified and adjusted to conform with the presentation used for the current year. For more information refer to Note 27 attached to the annual financial statements for the year 2020 Additional Information - Total shareholders ' equity (no minority interest) as at the end of the current year amount 839.75 million riyals compared to 798.83 million riyals at the end of the previous year, with an increase of 5.12%.

- Total comprehensive income for the current year reached 53.43 million SR compared to 11.92 million SR for the previous year with a increase of 348.24%

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