Saudi Printing and Packaging Co. — Interim / Quarterly Report 2021

Aug 12, 2021

Saudi Printing and Packaging Co. announces its Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months )

4270 · 12/08/2021 08:03:27 · Announcement #64485 · View on Saudi Exchange

Saudi Printing and Packaging Co. announces its Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	194.21	199.63	-2.715	173.44	11.975
Gross Profit (Loss)	21.34	37.4	-42.941	22.87	-6.689
Operational Profit (Loss)	-6.25	8.58	-	-5.17	20.889
Net Profit (Loss) after Zakat and Tax	-15.35	1.49	-	-13.56	13.2
Total Comprehensive Income	-15.75	1.72	-	-13.72	14.795
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	367.65	393.9	-6.664
Gross Profit (Loss)	44.21	64.29	-31.233
Operational Profit (Loss)	-11.43	5.53	-
Net Profit (Loss) after Zakat and Tax	-28.9	-13.42	115.35
Total Comprehensive Income	-29.48	-13.53	117.886
Total Share Holders Equity (after Deducting Minority Equity)	673.26	710.37	-5.224
Profit (Loss) per Share	-0.49	-0.23
All figures are in (Millions) Saudi Arabia, Riyals

	Accumulated Losses	Capital	Percentage %
	35.06	600	5.84
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 main reason for the increase in the net loss is the decrease in the gross profit resulting from the increase in the cost of raw materials.
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 main reason for the increase in the net loss is the decrease in the gross profit resulting from the increase in the cost of raw materials.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The main reason for the increase in net loss is the decrease in sales for the current period compared to the same period of the previous year, in addition to the increase in the cost of raw materials.
Statement of the type of external auditor's report	Unmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion	NA
Reclassification of Comparison Items	Certain figures for the comparison period have been reclassified to conform with the presentation for the current period.
Additional Information	• Total revenues during the current quarter amounted to 194.2 million riyals, compared to 199.6 million riyals for the same quarter of the previous year, with a decrease of 2.7%, and compared to 173.44 million riyals in the previous quarter, an increase of 12%

• The total comprehensive loss during the current quarter amounted to -15.75 million riyals, compared to an income of 1.72 million riyals for the same quarter of the previous year, and compared to a loss of -13.72 million riyals for the previous quarter.

• Total shareholders' equity (after excluding minority interests) at the end of the current quarter amounted to 673.26 million riyals, compared to 710.37 million riyals for the same quarter of the previous year, a decrease of 5.2%, and compared to 689.02 million riyals at the end of the previous quarter, a decrease of 2.3%.

• Accumulated losses amounted to 35.06 million riyals, which represents 5.84% of the capital.

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