Al Kathiri Holding Co. announces its Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months )

ELEMENT LISTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR%CHANGEPREVIOUS QUARTER% CHANGE
Sales/Revenue40,191,14515,243,084163.66835,209,64114.148
Gross Profit (Loss)11,807,3911,942,458507.8589,895,50019.32
Operational Profit (Loss)3,367,537-709,5584,495,959-25.098
Net Profit (Loss) after Zakat and Tax3,103,268-1,293,3524,198,400-26.084
Total Comprehensive Income3,103,268-1,293,3524,198,400-26.084
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LISTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR%CHANGE
Sales/Revenue75,400,78640,808,95184.765
Gross Profit (Loss)21,702,8919,423,976130.294
Operational Profit (Loss)7,863,4963,351,633134.616
Net Profit (Loss) after Zakat and Tax7,301,6682,336,256212.537
Total Comprehensive Income7,301,6682,336,256212.537
Total Share Holders Equity (after Deducting Minority Equity)132,645,35773,533,16780.388
Profit (Loss) per Share0.640.21
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 isNet profit increased during the current quarter compared to the equal quarter from last year due to the increase in revenue resulting from sales growth and mitigating precautionary measures followed by the Kingdom of Saudi Arabia
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year isNet profit decreased during the current quarter compared to the previous quarter due to the increase of general and administrative expenses.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year isNet profit increased during the current period compared to the equal period due to the increase in revenue resulting from sales growth and mitigating precautionary measures followed by the Kingdom of Saudi Arabia.
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 ItemsCertain comparative figures have been reclassified to correspond to the current period presentation
Additional InformationThe weighted average number of shares for the period ending on June 30,2020 has been adjusted in line with the weighted average number of new shares after its increase on June 30,2021. The calculation of basic / diluted earnings per share is based on the profit attributable to ordinary shareholders and the weighted average number of ordinary shares outstanding. The earnings per share was calculated as of 31 March 2021 based on the weighted average number of shares outstanding at the end of the period the adjusted earnings per share is the same as the basic earnings per share as the group has no convertible securities nor reduced financial instruments to exercise. The weighted average number of shares was amended retrospectively for Q1 and Q2, 2020 to align with the new number of shares after their increase during the period ended June 30, 2021 (for more details refer to note 1) as required per international accounting standard no, 33 (Earnings per share).