| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | – | – | – | – | – |
| Gross Profit (Loss) | – | – | – | – | – |
| Operational Profit (Loss) | -237 | 372 | – | -308 | -23.05 |
| Net Profit (Loss) after Zakat and Tax | -242 | 235 | – | -296 | -18.24 |
| Total Comprehensive Income | -242 | 235 | – | -294 | -17.69 |
| All figures are in (Millions) Saudi Arabia, Riyals |
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Share Holders Equity (after Deducting Minority Equity) | 10,445 | 7,563 | 38.11 |
| Profit (Loss) per Share | -0.32 | 0.52 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
Statement of the type of external auditor’s reportUnmodified 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 making losses during current quarter compared to the same quarter of previous year is:
1. SIIG’s jointly managed projects have made losses: – Un-scheduled turnaround maintenance for SIIG’s project “Saudi Polymer Company” during the current quarter. – Lower selling prices. |
| 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 reasons for the decrease in the net losses during current quarter compared with previous quarter are due to:
1. A decrease in SIIG’s loss in their share of results in its jointly managed projects as there was a scheduled turnaround maintenance for SIIG’s project “Saudi Polymer Company” during the 4th quarter of 2022. 2. A decrease in the General and administrative expenses. 3. Higher selling prices. – The un-scheduled turnaround maintenance for SIIG’s project “Saudi Polymer Company” during current quarter is the main reason for loss-making during the current quarter. |
| Reclassification of Comparison Items | Certain prior period figures have been re-classified to confirm with the presentation in the current period. |
| Additional Information | As the Saudi Industrial Investment Group Company follows the equity method when accounting for its investments in all its joint venture companies, the Sales and Gross profit financial items do not appear in the profit or loss statement. |