تعلن شركة باتك للاستثمار والاعمال اللوجستية عن النتائج المالية الأولية الموحدة للف

A4110 BATIC-0.4 (-0.93 %)
1443/04/02 Sun Nov 7, 2021 09:04:36

Batic Investments and Logistics Co. announces the interim consolidated financial results for the period ending on 30-09-2021(Nine Months)

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Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	112,392,007	190,748,346	-41.078	108,595,558	3.495
Gross Profit (Loss)	12,744,388	31,044,106	-58.947	11,140,070	14.401
Operational Profit (Loss)	669,705	21,103,398	-96.826	47,635	1,305.909
Net Profit (Loss) after Zakat and Tax	258,011	9,164,018	-97.184	3,853,714	-93.304
Total Comprehensive Income	258,011	9,164,018	-97.184	3,853,714	-93.304
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	330,277,721	394,430,327	-16.264
Gross Profit (Loss)	32,700,511	50,339,231	-35.039
Operational Profit (Loss)	-1,119,665	18,683,629	-
Net Profit (Loss) after Zakat and Tax	348,724	-1,148,795	-
Total Comprehensive Income	348,724	-1,148,795	-
Total Share Holders Equity (after Deducting Minority Equity)	358,394,188	372,449,060	-3.773
Profit (Loss) per Share	0.01	-0.04
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Explanation
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 the decrease in net profit during the current quarter compared to the same quarter of the previous year is mainly due to: 1- The decrease in operating revenue by 41%, as the operating revenue during Q3-2021 amounted to 112.4 million SAR, compared to 190.1 million SAR during Q3-2020 due to the achievement of revenues from the activity of the medical equipment supply sector, amounting to 85.8 million SAR during the same quarter of the previous year 2- The decrease in gross profit by 59%, as the gross profit during Q3-2021 amounted to 12.7 million SAR, compared to 31 million SAR during Q3-2020 due to the same quarter of the previous year included a total profit from the medical equipment supply sector of 21.8 million SAR, in addition to the inclusion in the current quarter of a total loss from the smart parking sector, which is still in the preparation and construction stage and not fully operating the sites, this is offset by the improvement in the total profit From the security guards sector, the ATM feeding sector, the Cash in transit sector, and the real estate investment sector. 3- The increase in financing expenses by 72%, as financing expenses during the Q3-2021 amounted to 3.3 million SAR, compared to 1.9 million SAR during the same quarter of the previous year.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is	The reason for the decrease in net profit during the current quarter compared to the previous quarter is mainly due to: 1- The increase in general and administrative expenses by 9%, as the general and administrative expenses during the Q3-2021 amounted to 12.1 million SAR, compared to 11.1 million SAR during the previous quarter of this year. 2- The increase in financing expenses by 119%, as the financing expenses during the Q3-2021 amounted to 3.3 million SAR, compared to 1.5 million SAR during the previous quarter of the current year 3- The increase in Zakat expenses by 81%, as Zakat expenses during the Q3-2021 amounted to 2 million SAR, compared to 1.1 million SAR during the previous quarter of the current 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	The reason for achieving a net profit during the current period compared to a net loss during the same period of the previous year is mainly due to: 1- Including the current period, reverse to the provision for expected credit losses, of a net amount of 4.6 million SAR, compared to expected credit losses of 8.8 million SAR during the same period of the previous year. 2- Including the current period on unrealized revenue from investments at fair value through profit or loss, amounting to 853 thousand SAR.
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	N/A

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