2370 · 02/08/2023 15:45:27 · Announcement #75115 · View on Saudi Exchange

Middle East Specialized Cables Co. announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 215.9198.28.93218.6-1.24
Gross Profit (Loss) 34.27.237535.3-3.12
Operational Profit (Loss) 18-8.2-175.88
Net Profit (Loss) after Zakat and Tax 12.4-11.8-12.4-
Total Comprehensive Income 12.4-11.8-12.4-
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 434.5385.712.65
Gross Profit (Loss) 69.521.4224.77
Operational Profit (Loss) 35-4.3-
Net Profit (Loss) after Zakat and Tax 24.9-11.8-
Total Comprehensive Income 24.9-11.8-
Total Share Holders Equity (after Deducting Minority Equity) 353.2326.68.14
Profit (Loss) per Share 0.62-0.29
All figures are in (Millions) Saudi Arabia, Riyals
Accumulated LossesCapitalPercentage %
78.240019.55
All figures are in (Millions) Saudi Arabia, Riyals
Element ListExplanation
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 achieving net profit during current quarter compared to net loss during similar quarter of last year is due to the increase in sales volume and gross margin during current quarter.
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 net profit during current quarter is almost similar to the net profit during last quarter
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 achieving net profit during current period compared to net loss during similar period of last year is due to the increase in sales volume and gross margin during current period.
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 N/A
Reclassification of Comparison Items Certain comparative figures have been re-classified to conform to the presentation of the current period.

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