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

Element List	Explanation
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
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