Al Kathiri Holding Co. announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )

ELEMENT LISTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR%CHANGEPREVIOUS QUARTER% CHANGE
Sales/Revenue35,209,64125,565,86737.72137,075,528-5.032
Gross Profit (Loss)9,895,5007,481,51832.26511,781,068-16.005
Operational Profit (Loss)4,495,9594,061,19110.7054,989,418-9.89
Net Profit (Loss) after Zakat and Tax4,198,4003,629,60815.674,685,434-10.394
Total Comprehensive Income4,198,4003,629,60815.674,571,594-8.163
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LISTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR%CHANGE
Total Share Holders Equity (after Deducting Minority Equity)129,698,64274,826,51973.332
Profit (Loss) per Share0.460.8
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LISTEXPLANATION
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year isIncrease in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to: Increase in revenues during the current quarter by 37.72% compared to the same quarter of the previous year, as production and supply operations were affected in the same quarter of the previous year due to the Coronavirus- Covid 19 Pandemic.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year isDecrease in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to: The high costs involved in pre-operating costs for establishing the 3D panels factory Alian Industry Company in Sudair City for Industry and Business.
Statement of the type of external auditor’s reportUnmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor OpinionThere’s no
Reclassification of Comparison ItemsThere’s no
Additional InformationEarnings per share were calculated on the basis of the weighted average of the number of ordinary shares outstanding at the end of the period, which amounted to 4,520,880 shares for the period ending March 31-2020, and 9,041,760 shares for the period ending on March 31-2021.