Arab Sea Information System Co. announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )
Arab Sea Information Systems
Media Center April 19, 2021
Arab Sea Information System Co. announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )
Element ListSales/Revenue
Current Quarter8,865,988
Similar quarter for previous year6,459,016
%Change37.265
Previous Quarter6,708,846
% Change32.153
Gross Profit (Loss)
Current Quarter3,560,736
Similar quarter for previous year1,567,378
%Change127.177
Previous Quarter2,528,562
% Change40.82
Operational Profit (Loss)
Current Quarter-198,512
Similar quarter for previous year-1,649,188
%Change-87.963
Previous Quarter-6,660,209
% Change-97.019
Net Profit (Loss) after Zakat and Tax
Current Quarter-353,143
Similar quarter for previous year-1,725,672
%Change-79.535
Previous Quarter-7,859,367
% Change-95.506
Total Comprehensive Income
Current Quarter-353,143
Similar quarter for previous year-1,725,672
%Change-79.535
Previous Quarter-7,731,132
% Change-95.432
All figures are in (Actual) Saudi Arabia, Riyals
Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 8,865,9886,459,01637.2656,708,84632.153
Gross Profit (Loss) 3,560,7361,567,378127.1772,528,56240.82
Operational Profit (Loss) -198,512-1,649,188-87.963-6,660,209-97.019
Net Profit (Loss) after Zakat and Tax -353,143-1,725,672-79.535-7,859,367-95.506
Total Comprehensive Income -353,143-1,725,672-79.535-7,731,132-95.432
All figures are in (Actual) Saudi Arabia, Riyals
Element ListTotal Share Holders Equity (after Deducting Minority Equity)
Current Period135,973,815
Similar period for previous year150,351,566
%Change-9.562
Profit (Loss) per Share
Current Period-0.04
Similar period for previous year-0.17
All figures are in (Actual) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (after Deducting Minority Equity) 135,973,815150,351,566-9.562
Profit (Loss) per Share -0.04-0.17
All figures are in (Actual) Saudi Arabia, Riyals
Element ListThe reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is
ExplanationThe reason for the decrease in net loss during the current quarter compared to the same quarter of the previous year is due to the increase of the revenues in the current quarter compared to the same quarter of the previous year by 37.26%
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is
Explanation The reason for the decrease in net loss in the current quarter compared to the previous quarter is due to

– Increase of the revenues in the current quarter compared to the previous quarter by 32.15%

– decrease in the total general / selling expenses in the current quarter compared to the previous quarter by 59.08%

– Decrease in zakat expense in the current quarter compared to the previous quarter by 87.01%

Statement of the type of external auditor’s report
ExplanationUnmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion
ExplanationNone
Reclassification of Comparison Items
ExplanationCertain comparative figures for the previous period have been reclassified to conform to this period’s classification
Element ListExplanation
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 decrease in net loss during the current quarter compared to the same quarter of the previous year is due to the increase of the revenues in the current quarter compared to the same quarter of the previous year by 37.26%
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 decrease in net loss in the current quarter compared to the previous quarter is due to

– Increase of the revenues in the current quarter compared to the previous quarter by 32.15%

– decrease in the total general / selling expenses in the current quarter compared to the previous quarter by 59.08%

– Decrease in zakat expense in the current quarter compared to the previous quarter by 87.01%

Statement of the type of external auditor’s report Unmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion None
Reclassification of Comparison Items Certain comparative figures for the previous period have been reclassified to conform to this period’s classification