Saudi Arabia Refineries Co. — Interim / Quarterly Report 2021

May 6, 2021

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

2030 · 06/05/2021 08:01:58 · Announcement #63265 · View on Saudi Exchange

Saudi Arabia Refineries 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	1,190,427	175,965	576.513	8,300,025	-85.657
Gross Profit (Loss)	1,190,427	175,965	576.513	8,300,025	-85.657
Operational Profit (Loss)	317,799	-716,529	-	7,378,299	-95.692
Net Profit (Loss) after Zakat and Tax	221,071	-1,104,362	-	6,995,075	-96.839
Total Comprehensive Income	78,554,863	-126,307,368	-	72,135,437	8.899
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (after Deducting Minority Equity)	586,879,140	327,654,603	79.115
Profit (Loss) per Share	0.01	-0.07
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 reason for achieving profit during the current quarter compared to the same quarter of the previous year is due to the increase in the company's share of the profits of the associate companies during the current quarter (the shareholding profit in the Arab Tanker Company).
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 reason for the decrease in profit during the current quarter compared with the previous quarter is due to the dividends distributed by the Saudi Industrial Investment Group Company (an invested company) for the second half of 2020, which during the previous quarter was an amount of 7,597,240 riyals.
Statement of the type of external auditor's report	Qualified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion	We were not able to verify the amount of delay penalties and fees that may result from the company’s failure to pay the bank guarantee for the associate, amounting to 5.1 million Saudi riyals, as shown in note No. (10). Therefore, we were not able to determine the settlements and material effects that may result from it. On the financial statements of the company.
Reclassification of Comparison Items	Nothing

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