AYYAN Investment Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )

A2140 AYYAN0.04 (0.18 %)
1443/03/29 Thu Nov 4, 2021 15:32:59

AYYAN Investment Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )

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Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	65,803,249	65,948,326	-0.219	70,429,430	-6.568
Gross Profit (Loss)	16,606,814	18,978,457	-12.496	19,998,512	-16.959
Operational Profit (Loss)	2,080,583	2,107,093	-1.258	-2,785,402	-
Net Profit (Loss) after Zakat and Tax	4,567,221	10,609,162	-56.95	1,246,705	266.343
Total Comprehensive Income	4,567,221	10,609,162	-56.95	1,246,705	266.343
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	208,765,885	190,695,941	9.475
Gross Profit (Loss)	58,056,053	51,420,822	12.903
Operational Profit (Loss)	1,166,666	3,044,341	-61.677
Net Profit (Loss) after Zakat and Tax	14,336,063	32,181,378	-55.452
Total Comprehensive Income	14,336,063	13,424,100	6.793
Total Share Holders Equity (after Deducting Minority Equity)	762,521,202	763,663,111	-0.149
Profit (Loss) per Share	0.16	0.39
All figures are in (Actual) Saudi Arabia, Riyals

Accumulated Losses	Percentage %
0	0
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Explanation
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 decline in the profits of the current quarter compared to the same quarter of the previous year is due to the following: 1. The high cost of revenues as percentage of revenue. 2. Increase the finance cost 3. Decline in unrealized gain from investment designated as fair value through profit and loss. 4. There is no realized gain from disposal of investment designated as fair value through profit and loss. 5. Decrease in other revenue .
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is	The reason for the increasing in the profits of the current quarter compared to the previous quarter for the following: 1. Declining in general and administration expenses 2. Increase in dividend revenue received 3. Achieve profit from affiliate company within this quarter instead of Incur loss from investment in affiliate company within the previous quarter.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The reason for decline the profit within the current period compared to the same period of the previous year due to the following: 1. Increase in general and administration expenses. 2. Increase in finance cost. 3. There is no recognition of bargain purchase during the current quarter.
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	Some comparative figures have been reclassified to conform to the current period's classification
Additional Information	Earnings per share have been calculated from the profit for the period by dividing the net profit for the period (after excluding non-controlling interest) by the weighted average number of shares outstanding during the period as follows Current period: 11,717,729 / 73,732,069 = 0.16 The same period of the previous year has reached earnings per share: 26,044,431 / 66,962,342 = 0.39

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