| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | – | – | – | ||
| Gross Profit (Loss) | – | – | – | ||
| Operational Profit (Loss) | 1,837 | 201 | 813.93 | ||
| Net Profit (Loss) after Zakat and Tax | 1,136 | 92 | 1,134.782 | ||
| Total Comprehensive Income | 1,142 | 68 | 1,579.411 | ||
| Total Share Holders Equity (after Deducting Minority Equity) | 7,328 | 6,412 | 14.285 | ||
| Profit (Loss) per Share | 2.53 | 1.35 | |||
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The reason for the increase in the net income during the current year compared to the previous year is:
– SIIG’s share of profit of the jointly managed projects has increased in the current year, due to an increase in the average selling prices of the project’s products. |
| Statement of the type of external auditor’s report | Unmodified opinion |
| Reclassification of Comparison Items | Certain previous year figures have been re-classified to confirm with the presentation in the current year. |
| Additional Information | In reference to change that National Petrochemical Company “Petrochem” did to the presentation of its financial statements during the year 2021, as it stopped consolidating its financial statements with the Saudi Polymers Company and the Gulf Polymers Distribution Company, and present its investments in the mentioned companies by the equity method.
and because of the above, SIIG has changed the way it presents its financial statements as well, Therefore, revenue from contracts with customers and gross profit, will not appear in the statement of profit, (loss) income. and this change will not affect by any way the equity of SIIG’s shareholders or the net profits and earnings per share. |