National Industrialization Co. announces its Interim Financial Results for the Period Ending on 2020-06-30 ( Six Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	486.3	731.2	-33.492	659.4	-26.251
Gross Profit (Loss)	76.4	87.7	-12.884	94.1	-18.809
Operational Profit (Loss)	-169.2	-87.5	93.371	38	-
Net Profit (Loss) after Zakat and Tax	-188.8	212.1	-	-76.5	146.797
Total Comprehensive Income	-66	328	-	-411	-83.941
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	1,145.8	1,470.3	-22.07
Gross Profit (Loss)	170.4	206.6	-17.521
Operational Profit (Loss)	-131.2	216.5	-
Net Profit (Loss) after Zakat and Tax	-265.3	-1,077.2	-75.371
Total Comprehensive Income	-477	-900.3	-47.017
Total Share Holders Equity (after Deducting Minority Equity)	7,492.9	8,435.6	-11.175
Profit (Loss) per Share	-0.4	-1.61
All figures are in (Millions) 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 net loss is primarily due to lower average selling prices, reduced share of profit from investments in associates and joint ventures and impairment of certain assets of Advanced Metal Industries Cluster Company (a subsidiary) , despite lower financial charges and higher other income.

The net profit in corresponding second quarter of the previous year includes gain on the sale of Cristal business amounting to SR 663 million.Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to The increase in net loss is mainly due to impairment of certain assets of Advanced Metal Industries Cluster Company (a subsidiary ) and lower average selling prices, despite higher share of profit from investments in associates and joint ventures and other income as well as lower selling and distribution expenses and financials charges.Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed to The net loss decreased mainly due to lower financial charges and zakat provisions and higher other income as well as the “non-cash” loss on re-measurement and gain on the sale of Cristal business recorded in corresponding period of the previous year, despite the negative impact of lower average selling prices, reduced share of profit from investments in associates and joint ventures, higher general and administrative expenses and impairment of certain assets of Advanced Metal Industries Cluster Company (a subsidiary).Basis of the External Auditor's Opinion Unmodified opinionReclassification of Comparison Items Corresponding figures for the comparative periods have been reclassified / restated to comply with IFRS requirements for disclosure of discontinued operations.Additional Information The Group’s management carried out Covid-19 impact assessment on the overall operations and business and concluded that the Group has sufficient liquidity to meet its financial obligations for the foreseeable future and no significant changes are required to the judgements and key estimates used for the preparation of the financial statements for the period ended June 30, 2020. Any subsequent financial impact shall be reflected in the ensuing quarters.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.