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Arabian Pipes Co. announces its interim Financial results for the period ending on 2018-09-30 ( Nine Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 186.2137.935.025165.712.371
Total Profit (Loss) 2.321.3-89.2016.8-66.176
Profit (Loss) Operational -814.8--0.32,566.666
Net Profit (Loss) after Zakat and Tax -16.86.6--7.9112.658
Total Comprehensive Income -16.86.6--7.9112.658
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 473.9371.127.701
Total Profit (Loss) 11.945.2-73.672
Profit (Loss) Operational -13.426.8-
Net Profit (Loss) after Zakat and Tax -33.67.3-
Total Comprehensive Income -33.67.3-
Total Share Holders Equity (after deducting minority equity) 588.1623.7-5.707
Profit (Loss) per Share -0.840.18
All figures are in (Millions) Saudi Arabia, Riyals
Accumulated LossesCapitalPercentage %
2,807,000400,000,0000.71
Element ListExplanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year The reason for the increase in the net loss for the current quarter compared to the comparable quarter of the previous year despite the increase in sales due to increase in prices of raw materials and delays in the delivery of some projects, which affected the cost and productivity of Jubail plant
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter The increase in losses in this quarter compared with the previous quarter is due to the decrease in gross profit margin as a result of increase in the cost of sales due to increase in raw materials prices .
Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year The reason for the increase in losses during the current period compared to the same period of the previous year, despite the rise in sales to the high costs of sales as the prices of raw materials increased during the last period, which led to a decrease in gross profit margin in addition to the increase in general ,selling, and administrative expenses compared to the previous year.
Type of the external auditor's opinion Unmodified opinion
External auditor's report containing reservation NA
Reclassifications in quarter financial result The Items, elements and notes of the comparatives principles and notes of the comparatives Condensed Financial Statements have been restated and reclassified to meet with the applicable accounting policies for the current period which have been prepared in accordance with the International Financial Reporting Standards (IFRS) that are approved in the Kingdom of Saudi Arabia. in the Interim Financial Statements for the current period

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.

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No English translation, kindly refer to the Arabic version

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