News & Announcements

ZOUJAJ

30 April, 2024 09:56

The National Company for Glass Industries announces its Interim Financial results for the Period Ending on 2024-03-31

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	31.6	37.1	-14.824	39.4	-19.796
Gross Profit (Loss)	7.4	9.7	-23.711	9.1	-18.681
Operational Profit (Loss)	3.6	7.1	-49.295	2.5	44
Net profit (Loss)	22.9	8.6	166.279	26.2	-12.595
Total Comprehensive Income	22.9	8.6	166.279	24.7	-7.287
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (After Deducting the Minority Equity)	728.1	700.3	3.969
Profit (Loss) per Share	0.7	0.26
All figures are in (Millions) Saudi Arabia, Riyals

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

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	Decreased Sales, due to lower production for installing machines to improve the product quality.
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 increase is, increase profit from Joint venture companies in the float glass sector due to full Plant operation of The Saudi Guardian International Float Glass Company Limited.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	Decreased Sales, due to lower production for installing machines to improve the product quality.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	•The reason for the decrease is, decrease in associated companies ’profit share in the float glass sector in Guardian Zoujaj International Float Glass company - Ras Al Khaimah.
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)	No
Reclassification of Comparison Items	No
Additional Information	-

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