Saudi Industrial Development Co. — Interim / Quarterly Report 2021

May 2, 2021

Saudi Industrial Development Co (SIDC) announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )

2130 · 02/05/2021 08:24:27 · Announcement #63147 · View on Saudi Exchange

Saudi Industrial Development Co (SIDC) 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	45.5	40.3	12.903	43	5.813
Gross Profit (Loss)	7.9	7.8	1.282	8.5	-7.058
Operational Profit (Loss)	-2.3	-4.3	-46.511	-7.3	-68.493
Net Profit (Loss) after Zakat and Tax	-1.7	-10	-83	-2.7	-37.037
Total Comprehensive Income	3.3	-16.1	-	-2.9	-
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)	213.6	201.8	5.847
Profit (Loss) per Share	-0.04	-0.25
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 reason for the decrease in the net loss of the company during the first quarter of 2021 compared to the first quarter of the previous year 2020 is due to the increase in sales and the decrease in operating expenses.
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 the net loss of the company during the first quarter of 2021 compared to the fourth quarter of the previous year 2020 is due to the increase in sales and the decrease in operating expenses.
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	We would like to refer to the case filed by the company, in which a former partner in the subsidiary companies demands financial compensation in exchange for excesses and financial dues, according to the decision was issued by the Executive Court to compensate the company with amounts equivalent to approximately (15,193,873) Saudi riyals
Reclassification of Comparison Items	There is no reclassification of comparative figures during the current Quarter

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