Etihad Atheeb Telecommunication Company (GO) announces the signing of a settlement agreement with Communications, Space & Technology Commission
10/05/2023
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 630.34 | 378.55 | 66.51 | ||
| Gross Profit (Loss) | 182.69 | 91.84 | 98.92 | ||
| Operational Profit (Loss) | 57.9 | -15.49 | - | ||
| Net Profit (Loss) after Zakat and Tax | 42.47 | -37.4 | - | ||
| Total Comprehensive Income | 42.08 | -37.74 | - | ||
| Total Share Holders Equity (after Deducting Minority Equity) | 116.08 | 74 | 56.86 | ||
| Profit (Loss) per Share | 4.72 | -4.16 | |||
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The reason behind generating profits and decrease in net losses due to increase in sales, decrease in general & administrative expenses, decrease in allowance for impairment in trade receivables, decrease in financial cost expenses, and decrease in Zakat expense despite of the increase in cost of services, selling and marketing expenses, and decrease in other income. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Reclassification of Comparison Items | The financial statements of the current year have been prepared in accordance with the International Financial Reporting Standards adopted in Kingdom of Saudi Arabia and Other accredited by the Saudi Organization for Chartered and Professional Accountants (SOCPA). The financial statements for the comparative year have been represented, reclassified and categorized in accordance with the accounting policies applied in the presentation, classification and classification of the financial statements for the current year. |
| Additional Information | Shareholders’ Equity The accumulated profit of SAR 21.8 million as of 31 March 2023 represents 22% of the Company’s share capital. Statutory reserve as of 31 March 2023 amounted to SAR 4.2 million which represent 10% of net income for the year. |
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 630.34 | 378.55 | 66.51 | ||
| Gross Profit (Loss) | 182.69 | 91.84 | 98.92 | ||
| Operational Profit (Loss) | 57.9 | -15.49 | - | ||
| Net Profit (Loss) after Zakat and Tax | 42.47 | -37.4 | - | ||
| Total Comprehensive Income | 42.08 | -37.74 | - | ||
| Total Share Holders Equity (after Deducting Minority Equity) | 116.08 | 74 | 56.86 | ||
| Profit (Loss) per Share | 4.72 | -4.16 | |||
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
