| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 259.7 | 172.1 | 50.9 | 215.6 | 20.454 |
| Gross Profit (Loss) | 132.1 | 70.1 | 88.445 | 115.9 | 13.977 |
| Operational Profit (Loss) | 91.7 | 14.9 | 515.436 | 73.1 | 25.444 |
| Net Profit (Loss) after Zakat and Tax | 28.1 | 6.7 | 319.402 | 56.5 | -50.265 |
| Total Comprehensive Income | 27.8 | 5.1 | 445.098 | 57.4 | -51.567 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 642.5 | 519.4 | 23.7 |
| Gross Profit (Loss) | 301.2 | 220.4 | 36.66 |
| Operational Profit (Loss) | 178.2 | 91.5 | 94.754 |
| Net Profit (Loss) after Zakat and Tax | 111.2 | 44.9 | 147.661 |
| Total Comprehensive Income | 108.3 | 35.3 | 206.798 |
| Total Share Holders Equity (after Deducting Minority Equity) | 1,150.5 | 1,090.9 | 5.463 |
| Profit (Loss) per Share | 1.36 | 0.55 | |
| 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 | Net income for the current quarter has increased compared to same quarter last year is due to the following reasons: |
- Better performance of Ports segment revenue which had a positive impact on the net income despite decline in results from logistics and water segments due to COVID-19 economic challenges.
The increase in gross profit was impacted by the following:
- An increase in port segment operating expenses during the current quarter due to employee and other admin costs related to the takeover of NCT terminal in Jeddah Islamic Port under new concession contract.
- Slightly decline in results from associate companies due to COVID-19 economic challenges.
- Increase in financial charges by SAR 42.1 million following the capitalization of fixed and variable fee related to new concession contract. This was offset by a decrease in finance charges on external debt by SAR 2.4 million
- Last quarter there was a one -off reversal of provision for asset replacement cost amounting to SAR 75 million.
- Improvement in results from associate companies.
- an improvement in the Ports segment revenue and gross profit during the period.
- an IFRS 9 gain of SAR 32 million recognised due to the extension of port segment's existing ijara facility.
- Reversal of provision of replacement cost of SAR 75 million.
- An increase in port segment operating expenses during the current quarter period due to an increase in employee and other admin costs related to the takeover of NCT terminal in Jeddah Islamic Port under new concession contract.
- Increase in financial charges of SAR 84.3 million due to the recognition of a financial liability in respect of the fixed and guaranteed variable fee. This is offset by decline in financial charges on external debt financing of SAR 7.8 million
- Decline in the results from associate companies due to COVID-19 economic challenges
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