Arabian United Float Glass Co. announces its Annual Financial results for the period ending on
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 292,405,188 | 278,842,409 | 4.86 | ||
| Gross Profit (Loss) | 116,221,656 | 102,109,521 | 13.82 | ||
| Operational Profit (Loss) | 65,615,843 | 61,140,131 | 7.32 | ||
| Net profit (Loss) | 54,479,450 | 49,245,864 | 10.63 | ||
| Total Comprehensive Income | 54,319,151 | 48,823,244 | 11.26 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 434,535,945 | 380,216,794 | 14.29 | ||
| Profit (Loss) per Share | 3.2 | 2.9 | |||
| 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 year compared to the last year | The increase in revenue in 2024 compared to 2023 is due to an increase in the company's product sales volume. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The increase in net profits in 2024 compared to 2023 is primarily due to:
1) Increased sales volume of the company's products in 2024 compared to 2023.
2) Lower production costs in 2024 compared to 2023. |
| Statement of the type of external auditor's report | Unmodified opinion |
| 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) | EMPHASIS OF MATTER :
We draw attention to Note (1) of the financial statements, whereby the Company announced on the Saudi Stock Exchange (Tadawul) that the shares of the Arabian United Float Glass Company have been listed and trading commenced on the (Nomu) Market - the parallel market, effective from 15 Rabi` al-Awwal 1446 corresponding to 18 September 2024 with the trading symbol 9611 and the international symbol SA164G54M5H6, our opinion is not modified in respect of this matter. |
| Reclassification of Comparison Items | Some comparative figures have been reclassified to conform to the presentation of the financial statements for the current year. |
| Additional Information | - |
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