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  2. Saudi Arabia Refineries Co. announces its Annual Financial results for the period ending on 2023-12-31

Saudi Arabia Refineries Co. announces its Annual Financial results for the period ending on 2023-12-31

 

Element List 2022 2023 Change%
Sales/Revenue 34,354,174 15,599,125 -55
Total Profit (Loss) 34,354,174 15,599,125 -55
Operating profit (loss) 29,312,332 9,054,655 -69
Net Profit (Loss) After Zakat and Tax 28,230,062 7,701,643 -73
Total Comprehensive Income -113,213,965 10,190,479 109
Total shareholders’ equity (excluding minority interests) 438,820,853 434,011,332 -1.1
Earnings (loss) per share 1.88 0.51 All figures are in (Actual) Saudi Arabia, Riyals

 

Element List Amount Percentage Of The Capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value – –

 

Element List Explanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year The reason for the decrease in revenues during the current year is 2023 compared to the last year 2022 is due to the amount of the volume of distributions made by the Saudi Industrial Investment Group, as the Saudi Group’s distributions for the year 2023 amounted to SAR 15,194,480 while the Saudi Group’s distributions for the year 2022 amounted to SAR 22,791,720 in addition to the distribution of profits for the second half of 2021 at the beginning of 2022 by SAR 11,395,860.
The reason of the increase (decrease) in the net profit during the current year compared to the last year is The reason of decrease in net profit during the current year 2023 compared to the last year 2022 is due to the amount of the volume of distributions made by the Saudi Industrial Investment Group, as the Saudi Group’s distributions for the year 2023 amounted to SAR 15,194,480 while the Saudi Group’s distributions for the year 2022 amounted to SAR 22,791,720 in addition to the distribution of profits for the second half of 2021 at the beginning of 2022 by SAR 11,395,860.
Statement of the type of external auditor’s report Unmodified opinion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) There isn’t any
Reclassification of Comparison Items There isn’t any

 

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