Retailing and Operation Division

Saudi Automotive Services Co. (SASCO) announces interim financial results for the period ended on March 31, 2021 (Three months)

06 May 2021
Retailing and Operation Division

 

ELEMENT LIST

CURRENT QUARTER

SIMILAR QUARTER FOR PREVIOUS YEAR

%CHANGE

PREVIOUS QUARTER

%CHANGE

Sales/Revenue

750.54

641.07

17.076

610.97

22.844

Gross Profit (Loss)

37.65

30.32

24.175

34.26

9.894

Operational Profit (Loss)

23.53

17.13

37.361

19.59

20.112

Net Profit (Loss) after Zakat and Tax

12.01

8.12

47.906

10.12

18.675

Total Comprehensive Income

12.95

3.35

286.567

8.64

49.884

All figures are in (Millions) Saudi Arabia, Riyals

 

ELEMENT LIST

CURRENT PERIOD

SIMILAR PERIOD FOR PREVIOUS YEAR

%CHANGE

Total Share Holders Equity (after Deducting Minority Equity)

817.7

854.8

-4.34

Profit (Loss) per Share

0.2

0.14

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 reason for the increase in net profit during the current quarter compared to the same quarter of the previous year is due to an increase in revenues by 17%, which led to an increase in the total profit and net profit from the main operations, in addition to an increase in investment revenues and a decrease in Zakat expense, despite the increase in selling and marketing expenses and G&A expenses, financing cost and decrease in other income.

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 increase in net profit for the current quarter compared to the previous quarter is due to an increase in sales by 23%, which led to an increase in the total profit, in addition to the decrease in selling and marketing expenses, G&A expenses, which led to an increase in the net profit from main operations, as well as a decrease in financing cost and zakat expense, Despite the decrease in investment income and other income.

Statement of the type of external auditor's report

Unmodified conclusion

Reclassification of Comparison Items

Certain of the prior period amount has been reclassified to conform to the presentation in the current period.

Attached Documents