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

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	165,618	109,642	51.053	167,833	-1.319
Gross Profit (Loss)	29,813	8,921	234.188	31,406	-5.072
Operational Profit (Loss)	12,316	-7,726	-	11,448	7.582
Net Profit (Loss) after Zakat and Tax	7,997	-11,575	-	6,959	14.915
Total Comprehensive Income	7,374	-11,575	-	6,959	5.963
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	333,451	249,136	33.842
Gross Profit (Loss)	61,220	31,505	94.318
Operational Profit (Loss)	23,764	-2,151	-
Net Profit (Loss) after Zakat and Tax	14,955	-10,728	-
Total Comprehensive Income	14,332	-10,728	-
Total Share Holders Equity (after Deducting Minority Equity)	557,769	541,468	3.01
Profit (Loss) per Share	0.33	-0.24
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The increase in net profit during the current quarter compared to net loss for the similar quarter of the previous year is mainly attributed to the following:

1- Increase of sales from SAR 109.6 Million to SAR 165.6 Million

2- The diversification of sold products which include products with higher profitability, in addition to improvement of gross margin in certain productsThe reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is The increase in net profit during the current quarter compared with the previous quarter despite the decrease in sales is mainly attributed to the following:

1- Decrease in selling and distribution expenses from SAR 8.4 Million to SAR 7.3 Million.

2- Decrease in expected credit loss allowance from SAR 0.5 Million to SAR 0.03 MillionThe reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The increase in net profit during current period compared to net loss of same period of previous year is mainly attributed to the following:

1- Increase of sales from SAR 249.1 Million to SAR 333.5 Million

2- The diversification of sold products which include products with higher profitability, in addition to improvement of gross margin in certain products.

3- Decrease of the financial expenses from SAR 4.0 Million to SAR 3.6 million due to lower finance cost.Statement of the type of external auditor's report Unmodified conclusionModification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion NoneReclassification of Comparison Items None

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