Z7_K8M0I8402PTU806OF5GPF03SV3

EAST PIPES

31 October, 2024 15:48

East Pipes Integrated Company for Industry announces its Interim Financial results for the Period Ending on 2024-09-30 ( Six Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 540,154,282230,267,231134.577364,418,91348.223
Gross Profit (Loss) 133,762,92833,109,702303.99986,417,20754.787
Operational Profit (Loss) 127,099,07128,006,440353.8286,788,99346.446
Net profit (Loss) 112,849,13520,793,355442.71771,244,70158.396
Total Comprehensive Income 109,225,47020,836,406424.20471,192,36753.423
All figures are in (Actual) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 904,573,195269,113,516236.13
Gross Profit (Loss) 220,180,13526,852,782719.952
Operational Profit (Loss) 213,888,06416,084,8231,229.75
Net profit (Loss) 184,093,8362,232,0968,147.576
Total Comprehensive Income 180,417,8372,581,7536,888.191
Total Shareholders Equity (after Deducting Minority Equity) 985,081,083586,522,55967.952
Profit (Loss) per Share 5.840.07
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 --
Accumulated Losses --
All figures are in (Actual) Saudi Arabia, Riyals


Element ListExplanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is The company recorded a revenue of SAR 540 million for the second quarter of FY24-25 (“Q2-FY 24-25”), compared to a revenue of SAR 230 million in the similar quarter of FY 23-24 (“Q2-FY 23-24”), This is mainly resulting from the improvement in revenues due to the increase in sales volumes.
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 company recorded net profit of SAR 113 million for the second quarter of FY24-25 (“Q2-FY 24-25”), compared to a profit of SAR 21 million in the similar quarter of FY 23-24 (“Q2-FY 23-24”). This is mainly resulting from the continued improvement in revenues, as well as enhanced margins.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The company reported a revenue of SAR 540 million in Q2-FY24-25, compared to a revenue of SAR 364 million in Q1-FY24-25. This is mainly resulting from the improvement in revenues due to the increase in sales volumes.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The company reported a net profit of SAR 113 million in Q2-FY24-25, compared to a net profit of SAR 71 million in Q1-FY24-25. This is primarily due to the increase in revenues during the period as well as enhanced margins.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is The company reported a revenue of SAR 905 million in H1-FY24-25, compared to a revenue of SAR 269 million in H1-FY23-24. This is mainly resulting from the improvement in revenues due to the increase in sales volumes in line with scheduled delivery plans.
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 company reported a net profit of SAR 184 million in H1-FY24-25, compared to a net profit of SAR 2 million in H1-FY23-24. This is mainly due to the improvement in revenues during the period as well as enhanced margins.
Statement of the type of external auditor's report Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) None
Reclassification of Comparison Items Certain comparative figures for the prior period have been reclassified to conform with the current.
Additional Information None
Attached Documents  

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