| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | – | – | – | – | – |
| Gross Profit (Loss) | – | – | – | – | – |
| Operational Profit (Loss) | 119 | 299 | -60.2 | -237 | – |
| Net Profit (Loss) after Zakat and Tax | 120 | 284 | -57.75 | -242 | – |
| Total Comprehensive Income | 120 | 284 | -57.75 | -242 | – |
| All figures are in (Millions) Saudi Arabia, Riyals |
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | – | – | – |
| Gross Profit (Loss) | – | – | – |
| Operational Profit (Loss) | -118 | 672 | – |
| Net Profit (Loss) after Zakat and Tax | -121 | 519 | – |
| Total Comprehensive Income | -121 | 519 | – |
| Total Share Holders Equity (after Deducting Minority Equity) | 10,566 | 11,396 | -7.28 |
| Profit (Loss) per Share | -0.16 | 0.88 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| 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 the decrease in net income during the current quarter compared to the same quarter of the previous year:
1. SIIG’s share of profit of the joint ventures has decreased in the current quarter because of a decrease in the selling price of products. |
| 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 improvement in results during the current quarter compared to the previous quarter are:
1. An increase in the SIIG’s share in the profits of joint ventures during the current quarter, due to the unplanned shutdown of the Saudi Polymer Company project during the previous quarter of the current year. 2. Decrease in Zakat. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The reason for incurring losses during the current period compared to the same period of the previous year is:
– SIIG’s share of profit of the joint ventures has decreased in the current period, due to: 1. Decrease in the selling prices of products. 2. The unplanned shutdown of the Saudi Polymer Company project during the current period of the current year. |
| Statement of the type of external auditor’s report | Unmodified conclusion |
| 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. |