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  2. Saudi Arabia Refineries Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

Saudi Arabia Refineries Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

Element List Current Quarter Similar Quarter For Previous Year %Change Previous Quarter % Change
Sales/Revenue 266,674 29,069 817.382 8,254,086 -96.769
Gross Profit (Loss) 266,674 29,069 817.382 8,254,086 -96.769
Operational Profit (Loss) -413,251 -413,614 -0.087 4,995,381 –
Net profit (Loss) -599,096 -374,098 60.144 5,034,220 –
Total Comprehensive Income 13,811,845 45,088,682 -69.367 -18,947,036 –
All figures are in (Actual) Saudi Arabia, Riyals

 

Element List Current Period Similar Period For Previous Year %Change
Total Share Holders Equity (After Deducting the Minority Equity) 447,823,177 483,909,535 -7.457
Profit (Loss) per Share -0.04 -0.02
All figures are in (Actual) Saudi Arabia, Riyals

 

Element List Percentage Of The Capital (%) Amount
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value – –
All figures are in (Actual) Saudi Arabia, Riyals

 

Element List Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is The reason for the increase in sales revenue during the current quarter compared to the company’s share of associated companies’ profits through the current sectors (profits in the Arab Tank Terminals Company)
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 net losses in the current quarter compared to the same quarter of the previous year is due to an increase in operating expenses and also an increase in the composition of the provision for zakat during this current quarter
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The reason for the decrease in sales/revenues during the current quarter compared to the previous quarter is due to the distribution of dividends from Saudi Industrial Investment Group Company in the previous quarter by SAR 7,597,240
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The reason for the decrease in net profit in the current quarter compared to the previous quarter is due to the distribution of dividends from Saudi Industrial Investment Group Company in the previous quarter by SAR 7,597,240
Statement of the type of external auditor’s report Unmodified conclusion
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) N\A
Reclassification of Comparison Items N\A
Additional Information –

 

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