Element ListCurrent YearPrevious Year%Change
Gross Profit (Loss)1,040,052,426894,526,08516.27
Operational Profit (Loss)395,640,908326,291,10221.25
Net Profit (Loss) after Zakat and Tax474,316,220202,368,832134.38
Total Comprehensive Income517,745,586185,794,439178.66
Total Share Holders Equity (after Deducting Minority Equity)1,849,376,4011,451,641,00227.4
Profit (Loss) per Share5.932.53
All figures are in (Actual) Saudi Arabia, Riyals
Element ListExplanation
The reason of the increase (decrease) in the net profit during the current year compared to the last year isNet profit increases in general due to:1. Gain from discontinued operation.2. Increase in sales and gross profit in the following sectors:a) Pharmaceuticals.b) Specialty chemical.c) Steel industries.3. Decrease in foreign exchange and hyperinflation in the following sectors:a) Pharmaceuticals.b) Specialty chemical.4. Decrease in provision for impairment of financial assets in the following sectors:a) Specialty chemical.b) Steel industries.c) Other.While noting that there is increase in general and administrative expenses and selling and distribution expenses in all sectors.
Statement of the type of external auditor’s reportUnmodified opinion
Reclassification of Comparison ItemsCertain comparative figures for the previous period have been reclassified to be consistent with the presentation of the current period.
Additional Information1. Net Shareholders’ Equity at the end of the period was SR 1,913,185,390/- compared to SR 1,504,091,847 /- at the end of the similar period last year with an increase of 27%.2. With the completion of the sale of Al Anmaa during the period, the financial results and statements of Al Tanmiya were accounted for in accordance with IFRS requirements. Please refer to Note 33 of the consolidated financial statements for further details.