Electrical Industries Co. announces its Interim Financial Results for the Period Ending on 2020-03-31 ( Three Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	139,495	106,177	31.379	184,083	-24.221
Gross Profit (Loss)	22,585	18,978	19.006	-9,733	-
Operational Profit (Loss)	5,575	1,318	322.989	-28,585	-
Net Profit (Loss) after Zakat and Tax	0.848	-4,162	-	-32,808	-
Total Comprehensive Income	0.848	-4,162	-	-36,797	-
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (after Deducting Minority Equity)	552,837	594,706	-7.04
Profit (Loss) per Share	0.02	-0.09
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Explanation
Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to	1- Increase of sales from 106.2 SAR Millions to 139.5 SAR Millions

2- Decrease of the financial expenses from 3.3 SAR Millions to 2.1 SAR Millions due to lower finance cost.Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to Though there is a decrease in sales due to lower demand from main customers and delay of delivery to some projects, there is an increase in the Net, Gross and Operating Profit due to the diversification of the sold products which includes certain products with higher profit. In addition to that, the previous quarter included reporting losses with amount of 30.8 SAR Millions resulting from write off slow moving materials and decrease of the inventory value.

The current quarter included reporting losses with amount of 2.4 SAR Millions as an increase in inventory provisions.Basis of the External Auditor's Opinion Unmodified opinionReclassification of Comparison Items The comparative periods figures have been re-classified to match with the current period

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