Thob Al Aseel Co. — Earnings Release 2020

Feb 14, 2021

Thoub Al-Aseel Company Announces Its Annual Consolidated Financial Results for The Year Ended 31st December 2020 (Twelve Months)

4012 · 14/02/2021 16:04:31 · Announcement #61931 · View on Saudi Exchange

Thoub Al-Aseel Company Announces Its Annual Consolidated Financial Results for The Year Ended 31st December 2020 (Twelve Months)

Element List	Current Year	Previous Year	%Change
Sales/Revenue	527.34	477.21	10.504
Gross Profit (Loss)	188.49	180.71	4.305
Operational Profit (Loss)	99.08	95.96	3.251
Net Profit (Loss) after Zakat and Tax	82.39	80.37	2.513
Total Comprehensive Income	81.77	80.53	1.539
Total Share Holders Equity (after Deducting Minority Equity)	542.81	528.53	2.701
Profit (Loss) per Share	2.75	2.68
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 profit attributable to the shareholders of the company during of the year ended 31st December 2020 as compared to last year by 2.51% mainly due to: Growth of 10.50% in sales driven and the signing of a contract for the supplying of medical supplies hat led to increase in gross profit and net profit vs. previous year
Statement of the type of external auditor's report	Unmodified opinion
Reclassification of Comparison Items	-
Additional Information	We would like to draw the attention of our valued shareholders, The Consolidated Financial statements for the year ended 31st December 2020 will be available on the investor relations app for Al-Aseel Smart Phones and Tablets, and through the company's website at the following link http://www.alaseel.com.sa/investor, after sending it to the competent authorities.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.