News & Announcements

SVCP

29 April, 2024 16:33

Saudi Vitrified Clay Pipes Co. announces its Annual Financial results for the period ending on 2023-12-31

Element List	Current Year	Previous Year	%Change
Sales/Revenue	75.67	76.35	-0.89
Gross Profit (Loss)	7.34	4.41	66.44
Operational Profit (Loss)	-13.31	-19.62	-32.16
Net profit (Loss)	-58.99	-8.76	573.4
Total Comprehensive Income	-58.51	-8.23	610.93
Total Share Holders Equity (After Deducting the Minority Equity)	210.19	268.7	-21.77
Profit (Loss) per Share	-3.93	-0.58
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
Accumulated Losses	-14.81	9.9
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year	The decrease in revenue this year compared to the previous year is due to the decrease in demand for the company's products
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The Increase in net loss this year compared to the previous year is due to the decrease in the other revenues and the provision for impairment in the value of PPE in the amount of SAR 46,416,761
Statement of the type of external auditor's report	Unmodified opinion
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)	NA
Reclassification of Comparison Items	Some of the comparative figures were reclassified for comparability
Additional Information	-

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