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  2. Saudi Arabia Refineries Co. announces its Interim consolidated Financial Results for the Period Ending on 30-06-2022 ( Six Months )

Saudi Arabia Refineries Co. announces its Interim consolidated Financial Results for the Period Ending on 30-06-2022 ( Six Months )

ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR %CHANGE PREVIOUS QUARTER % CHANGE
Sales/Revenue 22,489,558 7,730,194 190.93 28,498 78,816.27
Gross Profit (Loss) 22,489,558 7,730,194 190.93 28,498 78,816.27
Operational Profit (Loss) 21,432,194 7,171,470 198.85 -684,087 –
Net Profit (Loss) after Zakat and Tax 21,007,319 7,138,187 194.29 -658,446 –
Total Comprehensive Income -79,350,014 45,585,767 – 58,155,299 –
All figures are in (Actual) Saudi Arabia, Riyals

 

ELEMENT LIST CURRENT PERIOD SIMILAR PERIOD FOR PREVIOUS YEAR %CHANGE
Sales/Revenue 22,518,056 8,920,621 152.43
Gross Profit (Loss) 22,518,056 8,920,621 152.43
Operational Profit (Loss) 20,748,107 7,489,269 177.04
Net Profit (Loss) after Zakat and Tax 20,348,873 7,359,258 176.51
Total Comprehensive Income -21,194,715 124,140,630 –
Total Share Holders Equity (after Deducting Minority Equity) 538,340,103 621,214,907 -13.34
Profit (Loss) per Share 1.36 0.49
All figures are in (Actual) 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 reason for the increase in profit during the current quarter compared to the same quarter of the previous year is due to the dividends due for the second half of 2021 and the first half of 2022 from the Saudi Industrial Investment Group Company (an invested company) amounting to 22,791,720 riyals
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is The reason for achieving profit during the current quarter is due to dividends payable for the second half of 2021 and for the first half of 2022 from the Saudi Industrial Investment Group Company (an invested company) in the amount of 22,791,720 riyals
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 reason for the increase in net profit during the current period compared to the same period of the previous year is due to the dividends due for the second half of 2021 and the first half of 2022 from the Saudi Industrial Investment Group Company (an invested company) in the amount of 22,791,720 riyals.
Statement of the type of external auditor’s report Unmodified conclusion
Reclassification of Comparison Items The comparative figures did not include the business results of the subsidiary company Al Sadu Investment Company, as the commercial registration of the subsidiary company was issued on June 19, 2022 (corresponding to Dhul-Qa’dah 20 1443 AH) and it has not started its activities yet.

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