Saudi Printing and Packaging Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )

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1443/04/03 Mon Nov 8, 2021 15:38:59

Saudi Printing and Packaging Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )

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Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	203.61	204.44	-0.405	194.21	4.84
Gross Profit (Loss)	19.14	38.23	-49.934	21.34	-10.309
Operational Profit (Loss)	-8.74	8.54	-	-6.25	39.84
Net Profit (Loss) after Zakat and Tax	-17.75	1.82	-	-15.35	15.635
Total Comprehensive Income	-17.74	1.89	-	-15.75	12.634
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	571.25	598.34	-4.527
Gross Profit (Loss)	63.35	101.59	-37.641
Operational Profit (Loss)	-20.16	14.07	-
Net Profit (Loss) after Zakat and Tax	-46.66	-11.59	302.588
Total Comprehensive Income	-47.22	-11.63	306.018
Total Share Holders Equity (after Deducting Minority Equity)	655.5	712.3	-7.974
Profit (Loss) per Share	-0.79	-0.19
All figures are in (Millions) Saudi Arabia, Riyals

Accumulated Losses	Capital	Percentage %
52.8	600	8.8
All figures are in (Millions) 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 main reason for the increase in the net loss is the decrease in the gross profit resulting from the increase in the cost of raw materials.
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 main reason for the increase in the net loss is the decrease in the gross profit resulting from the increase in the cost of raw materials.
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 main reason for the increase in net loss is the decrease in sales for the current period compared to the same period of the previous year, in addition to the increase in the cost of raw materials.
Statement of the type of external auditor's report	Unmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion	NA
Reclassification of Comparison Items	Certain figures for the comparison period have been reclassified to conform with the presentation for the current period.
Additional Information	• Total revenues during the current quarter amounted to 203.61 million riyals, compared to 204.44 million riyals for the previous quarter, compared to 0.41%, and 194.21 million riyals were paid in the previous quarter, an increase of 4.84%. • The total comprehensive loss during the current quarter amounted to -17.74 million riyals, compared to an income of 1.89 million riyals for the previous quarter, and compared to a loss of -15.75 million riyals for the previous quarter. • Total shareholders' equity (after excluding minority interests) at the end of the current quarter amounted to 655.5 million riyals, compared to 712.3 million riyals for the same quarter of the previous year, a decrease of 7.97%. • Accumulated losses amounted to 52.8 million riyals, which represents 8.8% of the capital.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.