Batic Investments and Logistics Co. announces interim consolidated financial results for the period ending 30-09-2021 (nine months)
Batic Investments and Logistics Co. announces interim consolidated financial results for the period ending 30-09-2021 (nine months)
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List of items |
Current quarter |
Similar quarter for the previous year |
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Previous quarter |
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Sales / Revenue |
112,392,007 | 190 748 346 | -41,078 | 108 595 558 | 3.495 |
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Gross profit (loss) |
12 744 388 | 31 044 106 | -58.947 | 11 140 070 | 14,401 |
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Operating profit (loss) |
669,705 | 21 103 398 | -96.826 | 47 635 | 1,305,909 |
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Net profit (loss) after zakat and taxes |
258,011 | 9,164,018 | -97,184 | 3 853 714 | -93,304 |
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Total comprehensive income |
258,011 | 9,164,018 | -97,184 | 3 853 714 | -93,304 |
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All figures are in Saudi Arabia (real), in riyals |
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List of items |
Current period |
Similar period for the previous year |
%Switch |
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Sales / Revenue |
330 277 721 | 394 430 327 | -16,264 |
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Gross profit (loss) |
32 700 511 | 50 339 231 | -35,039 |
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Operating profit (loss) |
-1 119 665 | 18 683 629 | – |
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Net profit (loss) after zakat and taxes |
348,724 | -1 148 795 | – |
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Total comprehensive income |
348,724 | -1 148 795 | – |
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Total shareholders’ equity (after deduction of minority equity) |
358 394 188 | 372 449 060 | -3,773 |
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Earnings (loss) per share |
0.01 | -0.04 | |
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All figures are in Saudi Arabia (real), in riyals |
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List of items |
Explanation |
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The reason for the increase (decrease) in net profit in the current quarter compared to the same quarter of last year is |
The reason for the decrease in net profit in the current quarter compared to the same quarter of the previous year is mainly due to: 1- The 41% decrease in operating income, operating income during Q3-2021 amounting to 112.4 million SAR, compared to 190.1 million SAR in Q3-2020 due to the realization of revenues from the medical equipment supply sector activity, amounting to SAR 85.8 million in the same quarter of the previous year 2- The decrease in gross margin of 59%, the gross margin in Q3-2021 amounting to 12.7 million SAR, compared to 31 million SAR in the third quarter-2020 due to the same quarter of the previous year including a total profit from the equipment supply sector of SAR 21.8 million, 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 phase and is not fully operating the sites, this is offset by the improvement in total profit From the security guards sector, ATM feed sector, cash sector in transit and the real estate investment sector. 3- The 72% increase in financing costs, with financing costs during Q3-2021 amounting to 3.3 million SAR, compared to 1.9 million SAR during the same quarter of the year former. |
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The reason for the increase (decrease) in net profit in the current quarter compared to the previous period in the current year is |
The reason for the decrease in net profit in the current quarter compared to the previous quarter is mainly due to: 1- The increase in general and administrative expenses of 9%, general and administrative expenses during Q3-2021 amounting to 12.1 million SAR, against 11.1 million SAR during the previous quarter of this year. 2- The increase in financing costs of 119%, financing costs during Q3-2021 amounting to 3.3 million SAR, compared to 1.5 million SAR during the previous quarter of the year In progress 3- Zakat spending increase of 81%, Zakat spending during Q3-2021 amounting to SAR 2 million, compared to SAR 1.1 million in the previous quarter of the current year |
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The reason for the increase (decrease) in net profit during the current period compared to the same period last year is |
The reason for realizing a net profit in the current period compared to a net loss in the same period of the previous year is mainly due to: 1- Including the current period, reversal of provision for expected credit losses, net of 4.6 million SAR, against expected credit losses of 8.8 million SAR during the same period of the previous year. 2- Including the current period on unrealized income from investments at fair value through profit or loss, for an amount of SAR 853 thousand. |
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Declaration of the type of external auditor’s report |
Unmodified conclusion |
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Reclassification of comparators |
N / A |
The Capital Market Authority and the Saudi Stock Exchange do not assume any responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim all liability for any loss arising out of, or incurred in doing so. basis on, any part of this disclosure, and the Issuer accepts full responsibility for the accuracy of the information contained therein and confirms, after making all reasonable inquiries, that to its knowledge, there is no other fact or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
Disclaimer
Batic investment and logistics company published this content on November 07, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on 07 November 2021 06:17:08 AM UTC.
Public now 2021
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Trends in technical analysis BATIC INVESTMENT AND LOGISTICS COMPANY
| Short term | Mid Road | Long term | |
| Tendencies | Bearish | Bullish | Bullish |
Evolution of the income statement