Electrical Industries Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	207,630	148,068	40.226	165,618	25.366
Gross Profit (Loss)	41,898	24,805	68.909	29,813	40.536
Operational Profit (Loss)	15,248	10,628	43.47	12,316	23.806
Net Profit (Loss) after Zakat and Tax	10,138	6,771	49.726	7,997	26.772
Total Comprehensive Income	9,633	6,771	42.268	7,374	30.634
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	541,081	397,204	36.222
Gross Profit (Loss)	103,118	56,311	83.122
Operational Profit (Loss)	39,012	8,477	360.209
Net Profit (Loss) after Zakat and Tax	25,094	-3,957	-
Total Comprehensive Income	23,965	-3,957	-
Total Share Holders Equity (after Deducting Minority Equity)	567,612	548,452	3.493
Profit (Loss) per Share	0.56	-0.09
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 of the current quarter compared with the same quarter of last year is mainly attributed to Increase of sales from SAR 148,1 Million to SAR 207,6 Million. In addition to the diversification of the sold products which include products with higher profitability

The increase is offset by:

- Increase in selling and distribution expenses with amount of SR 4,5 Million due to increase of sales.

- Increase in General and Administration expenses with amount of SR 7,3 million, mainly due to expenses related to investment in Pauwels Belgium which includes legal and consultation feesThe 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 this quarter compared with the previous quarter is mainly attributed to increase of sales from SR 165,6 million to SR 207,6 million. In addition to diversification of the sold products which include products with higher profitability

The increase is offset by:

- Increase in selling and distribution expenses with amount of SR 1,4 Million due to increase of sales.

- Increase in General and Administration expenses with amount of SR 4,3 million , mainly due to expenses related to investment in Pauwels Belgium which includes legal and consultation fees.The 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 of the current period compared with net losses in the same period of last year is mainly attributed to Increase of sales from SAR 397,2 Million to SAR 541,1 Million. In addition to the diversification of sold products which include products with higher profitability.

The increase is offset by:

- Increase in selling and distribution expenses with amount of SR 4,7 Million due to increase of sales.

- Increase in General and Administration expenses with amount of SR 11 Million, mainly due to expenses related to investment in Pauwels Belgium which includes legal and consultation feesStatement 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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