Saudi Industrial Development Co. — Earnings Release 2021

Mar 24, 2022

Saudi Industrial Development Co. announces its Annual Financial Results for the Period Ending on 2021-12-31

2130 · 24/03/2022 15:50:50 · Announcement #67281 · View on Saudi Exchange

Saudi Industrial Development Co. announces its Annual Financial Results for the Period Ending on 2021-12-31

Element List	Current Year	Previous Year	%Change
Sales/Revenue	163.08	164.6	-0.923
Gross Profit (Loss)	26.81	35.65	-24.796
Operational Profit (Loss)	-28.78	-10.86	165.009
Net Profit (Loss) after Zakat and Tax	-24.5	-3.25	653.846
Total Comprehensive Income	-6.4	-7.52	-14.893
Total Share Holders Equity (after Deducting Minority Equity)	204.01	210.42	-3.046
Profit (Loss) per Share	-0.61	-0.08
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 reason for the increase in net loss during the current period compared to the corresponding period of the previous year is the increase in operating expenses and production costs.
Statement of the type of external auditor's report	Other Matter
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion	The consolidated financial statements for the financial year ended on December 31, 2020, were audited by another auditor, who expressed unmodified opinion on the consolidated financial statements for the year ended on December 31, 2020, on March 30, 2021.
Reclassification of Comparison Items	Some of the comparative figures have been reclassified for the fiscal year ended on December 31, 2020, in line with the figures for the current year 2021.

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