Saudi Industrial Development Co. (SIDC) announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	41.4	41.94	-1.29	41.41	-0.02
Gross Profit (Loss)	6.14	7.24	-15.19	6.09	0.82
Operational Profit (Loss)	-7.09	-4.18	69.62	-5.97	18.76
Net Profit (Loss) after Zakat and Tax	-6.58	-4.32	52.31	-4.8	37.08
Total Comprehensive Income	-20.91	3.09	-	18.12	-
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	82.82	87.48	-5.33
Gross Profit (Loss)	12.23	16.29	-24.92
Operational Profit (Loss)	-13.06	-6.46	102.17
Net Profit (Loss) after Zakat and Tax	-11.38	-6.06	87.79
Total Comprehensive Income	-2.79	6.35	-
Total Share Holders Equity (after Deducting Minority Equity)	201.23	216.77	-7.17
Profit (Loss) per Share	-0.28	-0.15
All figures are in (Millions) Saudi Arabia, Riyals

	Accumulated Losses	Capital	Percentage %
	44.53	400	11.13
All figures are in (Millions) 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 reason for the increase in the net losses of the company during the second quarter of 2022AD compared to the second quarter of the previous year 2021 is due to the increase in operating losses resulting from the increase in operating expenses.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is	The reason for the increase in the net losses of the company during the second quarter of 2022 compared to previous quarter (First Quarter) of the year 2022 is due to the increase in operating losses resulting from increase in operating expenses and the decrease in other revenues compared to similar period.
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 reason for the increase in the net losses of the company during current period of the year 2022AD compared to the similar period of the year 2021AD is due to the increase in operating expenses and production costs.
Statement of the type of external auditor's report	Unmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion	The Group’s interim condensed consolidated financial statements for the three months and the six months period ending on 30th, June 2021 were examined by another (different) Auditor who on 11 Muhurram 1443H. corresponding to 19th, August 2021 expressed an unmodified conclusion about said financial statements. The group financial statements for the year ending on 31st December 2021 were examined by another Auditor who presented a qualified opinion about said financial statements as stated in his report dated 28 Shaban 1443H corresponding to 31st, March 2022AD.
Reclassification of Comparison Items	Some figures of the previous period have been reclassified to fit the financial result of the current period (Explanation 2/1).

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