26 APR 2022
| ELEMENT LIST | EXPLANATION |
|---|---|
| Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul's Website | 2022-04-24 Corresponding to 1443-09-23 |
| URL of the Previous Announcement | Click Here |
| Incorrect statements in the previous announcement | THE ANNOUNCEMENT STATED THE FOLLOWING IN ENGLISH:
The main reason for the increase in net profit in the current quarter compared to the previous quarter is:
-The increase in operating costs by 7%, due to increase in oil prices during the current quarter compared to the previous quarter, in meantime, the revenues has increased by 2% due to the improvement in multiple sectors especially the oil sector and dry bulk sector. |
| Correct Statement | The main reason for the decrease in net profit in the current quarter compared to the previous quarter is:
- The increase in operating cost in most of the sectors by 7%, due to increase in oil prices during the current quarter compared to the previous quarter, in meantime, the revenues have increased by 2% due to the improvement in multiple sectors especially the oil sector and dry bulk sector. |