19 APR 2021
| ELEMENT LIST | CURRENT QUARTER | SIMILAR QUARTER FOR PREVIOUS YEAR | %CHANGE | PREVIOUS QUARTER | % CHANGE |
|---|---|---|---|---|---|
| Sales/Revenue | 1,189.2 | 2,082.18 | -42.886 | 1,268.09 | -6.221 |
| Gross Profit (Loss) | 84.2 | 561.35 | -85 | 217.94 | -61.365 |
| Operational Profit (Loss) | 61.37 | 505.87 | -87.868 | 141.81 | -56.723 |
| Net Profit (Loss) after Zakat and Tax | 43.56 | 419.22 | -89.609 | 77.54 | -43.822 |
| Total Comprehensive Income | 50.42 | 419.73 | -87.987 | 71.98 | -29.952 |
| 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) | 10,040.1 | 9,631.9 | 4.238 |
| Profit (Loss) per Share | 0.11 | 1.06 | |
| 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 decrease in net profit for the current quarter compared to the corresponding quarter last year is mainly due to the significant decline in revenues from oil sector, caused by the decline in shipping rates in addition to the decrease in volumes.
Nevertheless, the decrease in finance cost and the increase in the profits in the group's share in results of equity accounted investee companies for the current quarter compared to the corresponding quarter last year, contributed to reduce the impact of the decline in net profit. |
| 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 decrease in net profit for the current quarter compared to the previous quarter is mainly due to the decrease in returns of several operating segments especially from the oil sector, caused by the decline in shipping rates in addition to the decrease in volumes.
Nevertheless, increase in profits in the group's share in results of equity accounted investee companies and the decrease in general and administrative expenses during the current quarter compared with the previous quarter, contributed to reduce the impact of the decline in net profit. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | Certain comparative figures of the prior period have been reclassified to conform with the presentation of the current period. |
| Additional Information | None |