A1213 NASEEJ-0.9 (-2.39 %)
1443/04/05 Wed Nov 10, 2021 15:33:03
Naseej International Trading Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )
1443/04/05 Wed Nov 10, 2021 15:33:03
Share this: Facebook TwitterLinkedIn
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
| Sales/Revenue | 45,281 | 48,524 | -6.683 | 65,863 | -31.249 |
| Gross Profit (Loss) | 1,737 | 1,800 | -3.5 | 11,340 | -84.682 |
| Operational Profit (Loss) | -9,004 | -33,939 | -73.47 | -1,340 | 571.94 |
| Net Profit (Loss) after Zakat and Tax | -11,583 | -38,751 | -70.109 | -5,021 | 130.691 |
| Total Comprehensive Income | -11,583 | -39,123 | -70.393 | -5,021 | 130.691 |
| All figures are in (Thousands) Saudi Arabia, Riyals |
| Element List | Current Period | Similar period for previous year | %Change |
| Sales/Revenue | 181,407 | 128,535 | 41.134 |
| Gross Profit (Loss) | 23,231 | 5,346 | 334.549 |
| Operational Profit (Loss) | -12,743 | -56,012 | -77.249 |
| Net Profit (Loss) after Zakat and Tax | -21,873 | -75,612 | -71.072 |
| Total Comprehensive Income | -21,873 | -76,730 | -71.493 |
| Total Share Holders Equity (after Deducting Minority Equity) | 33,560 | 61,632 | -45.547 |
| Profit (Loss) per Share | -3.55 | -4.89 | |
| All figures are in (Thousands) Saudi Arabia, Riyals |
| Accumulated Losses | Capital | Percentage % |
| 28,072 | 61,632 | 45.55 |
| All figures are in (Thousands) 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 losses during the current quarter compared to the same quarter of the previous year is due to lower expenses and asset impairment. |
| 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 increase in the net losses during the current quarter compared to the previous quarter is due to lower sales, high cost of sales, resulting in lower margins. |
| 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 the decrease in net losses during the current period compared to the same period of the previous year is due to higher sales, lower expenses and asset impairment. |
| 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 | Not Applicable |
| Reclassification of Comparison Items | Not Applicable |
| Additional Information | 1- Naseej Company would like to clarify that the calculation of the loss per share for the current period is based on the number of 6.163 million shares, as for calculating the share of loss for the previous period based on the weighted average 15.455 million shares, according to the resolution of increase the capital based on the approval of the General Assembly of shareholders held on 22 January 2020 . 2- Naseej Company announces that its accumulated losses amounted to (28.072 ) million riyals as on date (30-09-2021), with a percentage of ( 45.55 %) from its capital. The main reasons for these losses are due to ( low sales resulting into high production cost and lower margins). The company is in the process of issuing rights issue of SR 150 million. The procedures and instructions issued by the Capital Market Authority related to listed companies with accumulated losses reaching 20% or more of their capital will applied to the company. |
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.