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

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	148,068	132,798	11.498	109,642	35.046
Gross Profit (Loss)	6,771	-1,502	-	-11,575	-
Operational Profit (Loss)	24,805	22,026	12.616	8,921	178.051
Net Profit (Loss) after Zakat and Tax	10,628	4,930	115.578	-7,726	-
Total Comprehensive Income	6,771	-1,502	-	-11,575	-
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	397,204	393,472	0.948
Gross Profit (Loss)	-3,957	-7,384	-46.411
Operational Profit (Loss)	56,311	60,439	-6.83
Net Profit (Loss) after Zakat and Tax	8,477	9,222	-8.078
Total Comprehensive Income	-3,957	-7,384	-46.411
Total Share Holders Equity (after Deducting Minority Equity)	548,452	591,484	-7.275
Profit (Loss) per Share	-0.09	-0.16
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	The increase in net income is attributed to the following:

1- Increase of sales from 132.8 Million to 148.1 Million and the diversification of the sold products which include products with higher profitability.

2- Decrease of Zakat and the financial expenses from 6.4 Million to 3.8 Million.

3- Decrease of selling ,general and administration expenses from 15.0 Million to 13.3 Million.Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to The increase of Net Income is attributed to the following:

1- Increase of sales from 109.6 Million to 148.1 Million and the diversification of the sold products which include products with higher profitability.

2- Decrease of the financial expenses from 1.9 Million to 1.2 Million.

3- Decrease of selling , general and administration expenses from 17.6 Million to 13.3 Million.Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed to The decrease of losses for the current period compared to similar period of previous year is attributed to the following:

1- Increase of sales from 393.5 Million to 397.2 Million and the diversification of the sold products which include products with higher profitability.

2- Decrease of Zakat and the financial expenses from 16.5 Million to 12.4 Million.

3- Decrease of selling , general and administration expenses from 50.7 Million to 48.0 MillionBasis 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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