ALWASAIL INDUSTRIAL

25 August, 2024 09:38

Alwasail Industrial Co. announces its Interim Financial results for the period ending on 2024-06-30 ( Six Months )

Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 220,070,262207,604,7286.004
Net profit (Loss) 24,342,17317,731,59837.281
Total Shareholders Equity (after Deducting Minority Equity) 359,372,980345,127,2074.127
Profit (Loss) per Share 0.10.07
All figures are in (Actual) Saudi Arabia, Riyals


Element ListAmountPercentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value --
All figures are in (Actual) Saudi Arabia, Riyals


Element ListExplanation
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is Sales of pipe products increased by 10% and sales of fittings products increased by 23% compared to the previous year.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is Gain on disposal of investment (100% owned subsidiary) is non-recurring.
Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items None

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