East Pipes Integrated Company for Industry announces its Interim Financial results for the Period Ending on 2024-06-30 ( Three Months )

31 July 2024 05:07 PM

EAST PIPES 1321 -8.35% 114.20 -10.40

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	364,418,913	38,846,285	838.104	721,752,576	-49.509
Gross Profit (Loss)	86,417,207	-6,321,359	-	212,821,771	-59.394
Operational Profit (Loss)	86,788,993	-11,921,617	-	205,406,536	-57.747
Net profit (Loss)	71,244,701	-18,561,259	-	179,556,936	-60.321
Total Comprehensive Income	71,192,367	-18,254,653	-	179,188,622	-60.269
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Shareholders Equity (after Deducting Minority Equity)	923,105,613	597,186,153	54.575
Profit (Loss) per Share	2.26	-0.59
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
All figures are in (Actual) 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	The company recorded a revenue of SAR 364 million for the first quarter of FY24-25 (“1Q-FY 24-25”), compared to a revenue of SAR 39 million in the similar quarter of FY 23-24 (“1Q-FY 23-24”), This is mainly resulting from the increase in both sales volume and average sales prices.
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 company recorded a profit of SAR 71 million for the first quarter of FY24-25 (“1Q-FY 24-25”), compared to a net loss of SAR 19 million in the similar quarter of FY 23-24 (“1Q-FY 23-24”), This is mainly resulting from the increase in both sales volume and average sales prices.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The company reported a revenue of SAR 364 million in 1Q-FY24-25, compared to a revenue of SAR 722 million in 4Q-FY23-24, The decrease is mainly resulting from the increase of volumetric sales in the previous quarter in line with scheduled delivery plans.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The company reported a net profit of SAR 71 million in 1Q-FY24-25, compared to a net profit of SAR 180 million in 4Q-FY23-24, The decrease is mainly resulting from the increase of volumetric sales in the previous quarter in line with scheduled delivery plans.
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)	None.
Reclassification of Comparison Items	None.
Additional Information	-
Attached Documents