| ELEMENT LIST | CURRENT YEAR | PREVIOUS YEAR | %CHANGE | ||
|---|---|---|---|---|---|
| Sales/Revenue | 1,653 | 1,300 | 27.153 | ||
| Gross Profit (Loss) | 679 | 538 | 26.208 | ||
| Operational Profit (Loss) | 628 | 483 | 30.02 | ||
| Net Profit (Loss) after Zakat and Tax | 609 | 463 | 31.533 | ||
| Total Comprehensive Income | 603 | 457 | 31.947 | ||
| Total Share Holders Equity (after Deducting Minority Equity) | 3,280 | 3,306 | -0.786 | ||
| Profit (Loss) per Share | 4.35 | 3.31 | |||
| 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 increase in net profit for the current year compared to the previous year is due to:1- Increase in sales revenue for the current year by 27.15% compared to the previous year, and the quantities of sales for the current year increased by 23.70% compared to the previous year.
2- A decrease in financing costs for the current year by (23.31%) compared to the previous year. 3- Increase in other miscellaneous revenues for the current year by (92.59%) compared to the previous year |
| Statement of the type of external auditor’s report | Unmodified opinion |
| Reclassification of Comparison Items | Some of the comparison figures have been reclassified for the year 2019 AD to fit the presentation of the figures for the year 2020 AD |
| Additional Information | 1- Total shareholders’ equity (no minority rights) at the end of the current year amounted to 3,280 million riyals, compared to 3,306 million riyals at the end of the previous year, with a decrease of (0.79) %.2- Total comprehensive income for the current year amounted to 603 million compared to 457 million for the previous year, with an increase of 31.95%.
3- Basic earnings per share is calculated based on the distributable profit for ordinary shares using the weighted average number of ordinary shares outstanding at the date of the financial statements. |
