2020-11-09

Al Kathiri Holding Co. announces its Interim Financial Results for the Period Ending on 2020-09-30 ( Nine Months )

ELEMENT LISTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR%CHANGEPREVIOUS QUARTER% CHANGE
Sales/Revenue26,554,37618,019,19147.36715,243,08474.206
Gross Profit (Loss)5,761,3636,676,714-13.7091,942,458196.601
Operational Profit (Loss)2,304,8064,083,292-43.555-751,898–
Net Profit (Loss) after Zakat and Tax2,638,0624,145,068-36.356-1,293,352–
Total Comprehensive Income2,638,0624,145,068-36.356-1,293,352–
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LISTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR%CHANGE
Sales/Revenue67,363,32763,105,0856.747
Gross Profit (Loss)15,185,33920,086,555-24.4
Operational Profit (Loss)5,368,85111,611,847-53.764
Net Profit (Loss) after Zakat and Tax4,974,31811,722,519-57.566
Total Comprehensive Income4,974,31811,722,519-57.566
Total Share Holders Equity (after Deducting Minority Equity)76,113,97266,903,45413.766
Profit (Loss) per Share1.12.79
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LISTEXPLANATION
Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed toDecrease in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to :The high operating costs and general and administrative expenses incurred by the company as a result of the precautionary measures taken by the company during the Corona COVID 19 pandemic
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed toIncrease in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to :Increase in revenues during the current quarter by 74.20 compared to the previous quarter, as production and supply operations were affected in the previous quarter due to the Corona – COVID 19 pandemic
Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed toDecrease in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed to:The high operating costs and general and administrative expenses incurred by the company as a result of the precautionary measures taken by the company during the Corona COVID 19 pandemic
Basis of the External Auditor’s OpinionUnmodified opinion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor OpinionThere’s no
Reclassification of Comparison ItemsThere’s no
Additional InformationThe earnings per share for the current period was calculated from the net profit for the period and earnings per share from main operations for the period ending on30-09- 2020, based on the number of shares outstanding during the end of the period, which amounted to 4,520,880 ordinary shares.Earnings per share for the same period of the previous year was also calculated from the net profit for the period and earnings per share from main operations for the period ending on30-09- 2019 on the basis of the weighted average number of shares during the period amounting to 4,209,000 shares as according to the extraordinary general assembly held on 23-04-2019 AD The shareholders decided to increase the capital to 4,520,880 shares by issuing a bonus to the shareholders on the date of the Extraordinary General Assembly, and the earnings per share for the current period and the comparison period were adjusted accordingly to reflect the effect of the increase in the capital.