07 FEB 2022
| ELEMENT LIST | CURRENT QUARTER | SIMILAR QUARTER FOR PREVIOUS YEAR | %CHANGE | PREVIOUS QUARTER | % CHANGE |
|---|---|---|---|---|---|
| Sales/Revenue | 1,546.54 | 1,268.09 | 21.958 | 1,320.58 | 17.11 |
| Gross Profit (Loss) | 211.93 | 217.96 | -2.766 | 133.1 | 59.226 |
| Operational Profit (Loss) | 173.31 | 141.96 | 22.083 | 90.57 | 91.354 |
| Net Profit (Loss) after Zakat and Tax | 91.98 | 77.54 | 18.622 | 17.99 | 411.284 |
| Total Comprehensive Income | 104.96 | 71.98 | 45.818 | 12.73 | 724.509 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| ELEMENT LIST | CURRENT PERIOD | SIMILAR PERIOD FOR PREVIOUS YEAR | %CHANGE |
|---|---|---|---|
| Sales/Revenue | 5,351.08 | 8,393 | -36.243 |
| Gross Profit (Loss) | 556.5 | 2,121.87 | -73.773 |
| Operational Profit (Loss) | 424.83 | 1,866.42 | -77.238 |
| Net Profit (Loss) after Zakat and Tax | 192.43 | 1,571.11 | -87.751 |
| Total Comprehensive Income | 210.93 | 1,565.01 | -86.522 |
| Total Share Holders Equity (after Deducting Minority Equity) | 9,413.11 | 9,989.68 | -5.771 |
| Profit (Loss) per Share | 0.49 | 3.99 | |
| 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 net profit during the current quarter compared to the same quarter of last year is:
- The increase in revenues by 22% and the improvement in multiple sectors especially the oil sector where the revenues has increased by the amount of SR 149 million due to the improvement in global shipping rates and the increase in shipping operations. - The increase in Other income by the amount of SR 27.8 million, in addition to the decrease in General and administrative expenses by the amount of SR 19 compared to the same quarter of last year.
The increase in operating costs mainly due to the increase in bunker prices which limited the increase in profits during the current quarter. |
| 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 net profit in the current quarter compared to the previous quarter is:
- The increase in revenues in multiple sectors especially the oil sector where the revenues have increased by 21% amounting to SR 159 million during the current quarter compared to the previous quarter due to the increase in global shipping rates and the increase in shipping operations. |
| 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 decrease in net profit in the current period compared to the same period of last year due to:
- The decrease in revenues from multiple sectors especially the oil sector by 49% amounting to SR 2,988 million compared to the same period of last year, due to the significant decline in global shipping rates in addition to the decline in shipping operations during the current year.
-The decrease in financial charges by the amount of SR 74 million and the decrease in provision of doubtful debts by 97% amounting to SR 61 million, in addition to the increase in other income by the amount of SR 57 million, have contributed to reduce the impact of the decrease in net profit during the current period compared to the same period of last year. |
| 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 | None |
| Reclassification of Comparison Items | Certain comparative figures of the prior period have been reclassified to match with the presentation of the current period. |
| Additional Information | None |