| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | – | – | – | – | – |
| Gross Profit (Loss) | – | – | – | – | – |
| Operational Profit (Loss) | 35 | -237 | – | 24 | 45.833 |
| Net Profit (Loss) after Zakat and Tax | 28 | -242 | – | 11 | 154.545 |
| Total Comprehensive Income | 28 | -242 | – | -11 | – |
| 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) | 10,050 | 10,445 | -3.781 |
| Profit (Loss) per Share | 0.04 | -0.32 | |
| All figures are in (Millions) 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 (Millions) 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 | Since the Saudi Industrial Investment Group Company follows the equity method when accounting for its investments in the joint venture companies, The items “Sales/Revenue and Gross profit” do not appear in the profit or loss statement. |
| 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 the net profit during current quarter compared with the same quarter of last year is:
1. SIIG’s share of profit of the joint ventures has increased in the current quarter, as the JVs have made a profit compared to a loss during the same quarter of last year, as a result of un-scheduled turnaround maintenance during the same quarter of last year for SIIG’s JV “Saudi Polymer Company”. 2. A decrease in the Zakat expenses.
Note that there were: – A decrease in the financing income “Murabaha”. – An increase in the general and administration expenses. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Since the Saudi Industrial Investment Group Company follows the equity method when accounting for its investments in the joint venture companies, The items “Sales/Revenue and Gross profit” do not appear in the profit or loss statement. |
| 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 increase in the net profit during current quarter compared with the same quarter of last year is:
1- SIIG’s share of profit of the joint ventures has increased due to: – A slight improvement in the selling prices of some products. 2- A decrease in the general and administration expenses. 3- A decrease in the Zakat expense.
Note that there were: – A decrease in the financing income “Murabaha”. |
| 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) | Not Applicable |
| Reclassification of Comparison Items | Certain prior period figures have been re-classified to confirm with the presentation in the current period. |
| Additional Information | Since the Saudi Industrial Investment Group Company follows the equity method when accounting for its investments in the joint venture companies, The items “Sales and Gross profit” do not appear in the profit or loss statement. |