| Element List | Current Quarter | Similar Quarter For Previous Year | Change% | Previous Quarter | %Change |
|---|---|---|---|---|---|
| Sales/Revenue | 1,190,427 | 175,965 | 576.513 | 8,300,025 | (85.657) |
| Gross Profit (Loss) | 1,190,427 | 175,965 | 576.513 | 8,300,025 | (85.657) |
| Operational Profit (Loss) | 317,799 | (716,529) | – | 7,378,299 | (95.692) |
| Net Profit (Loss) after Zakat and Tax | 221,071 | (1,104,362) | – | 6,995,075 | (96.839) |
| Total Comprehensive Income | 78,554,863 | 126,307,368 | – | 72,135,437 | 8.899 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Quarter | Similar Quarter For Previous Year | Change% |
|---|---|---|---|
| Total Share Holders Equity (after Deducting Minority Equity) | 586,879,140 | 327,654,603 | 79.115 |
| Profit (Loss) per Share | 0.01 | (0.07) | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
Statement of the type of external auditor’s reportQualified Conclusion
| 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 reason for achieving profit during the current quarter compared to the same quarter of the previous year is due to the increase in the company’s share of the profits of the associate companies during the current quarter (the shareholding profit in the Arab Tanker Company). |
| 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 reason for the decrease in profit during the current quarter compared with the previous quarter is due to the dividends distributed by the Saudi Industrial Investment Group Company (an invested company) for the second half of 2020, which during the previous quarter was an amount of 7,597,240 riyals. |
| Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion | We were not able to verify the amount of delay penalties and fees that may result from the company’s failure to pay the bank guarantee for the associate, amounting to 5.1 million Saudi riyals, as shown in note No. (10). Therefore, we were not able to determine the settlements and material effects that may result from it. On the financial statements of the company. |
| Reclassification of Comparison Items | None |
The following is the financial report for the first quarter of 2021: 