تعلن الشركة المتحدة للإلكترونيات (اكسترا) عن النتائج المالية الأولية للفترة المنتهي

A4003 EXTRA-0.4 (-0.28 %)
1443/03/21 Wed Oct 27, 2021 15:29:48

United Electronics Company (Extra) announces the Interim financial results for the period ending on 30-9-2021 (Nine Months)

Share this: Facebook TwitterLinkedIn

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	1,373.1	1,224.52	12.133	1,328.79	3.334
Gross Profit (Loss)	280.17	225.59	24.194	289.79	-3.319
Operational Profit (Loss)	101.91	64.98	56.832	108.12	-5.743
Net Profit (Loss) after Zakat and Tax	89	53.44	66.541	100.5	-11.442
Total Comprehensive Income	89.02	53.43	66.61	100.4	-11.334
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	4,066.22	4,007.62	1.462
Gross Profit (Loss)	830.17	722.47	14.907
Operational Profit (Loss)	306.18	228.62	33.925
Net Profit (Loss) after Zakat and Tax	270.69	178.5	51.647
Total Comprehensive Income	270.71	178.42	51.726
Total Share Holders Equity (after Deducting Minority Equity)	863.77	728.64	18.545
Profit (Loss) per Share	4.51	2.98
All figures are in (Millions) 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 Company achieved net profit of SR 89m vs. 53.4m for same quarter last year. The increase in the net profit is due to increase in Q3 revenue by 12.1% vs. same quarter last year, that driven by sales growth of retail sector in addition to growth of Extra's service and consumer finance services. This led to growth of gross profit by 24.2% to register SR 280.2m vs. SR 225.6m for same quarter last year, which drove the company's net profit to grew by 66.6%. despite increase of the SG&A vs. same quarter last year. It's worth noting that United Company for Financial Services achieved net profit of SR 35.5m vs. SR 6m for same quarter last year.
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 Company achieved net profit of SR 89m vs. SR 100.5m for previous quarter. this is mainly driven by slight drop in the Company's gross profit vs. previous quarter by 3.3% due to seasonal change in the sales mix in Q3 2021 vs. previous quarter. in addition to increase in other income in previous quarter. that led to drop in Company's net profit vs. previous quarter by 11.4%.
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 Company achieved net profit of SR 270.7m vs. 178.5m for same period last year. The increase in the net profit is due to increase of revenue by 1.46% vs. same period last year. But, growth of Extra service & consumer finance sectors revenue drove gross profit growth of 14.91% vs. same period last year to register SR 830.2m vs. SR 722.5m for same period last year, in addition to higher other income, which drove The Company net profit to grew by 51.7%. despite of increase in SG&A vs. SPLY. it's worth noting that United Company for Financial Services achieved net profit of SR 81.1m vs. SR 6.2m for SPLY.
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	Some comparative figures have been reclassified to be consistent with the presentation of 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.