Scientific & Medical Equipment House Co. announces its Annual Financial Results for the Period Ending on 31-12-2021

ELEMENT LISTCURRENT YEARPREVIOUS YEAR%CHANGE
Sales/Revenue699,453617,47513.276
Gross Profit (Loss)152,984150,8481.415
Operational Profit (Loss)83,42388,057-5.262
Net Profit (Loss) after Zakat and Tax76,74974,1613.489
Total Comprehensive Income74,68071,4584.508
Total Share Holders Equity (after Deducting Minority Equity)473,458428,00210.62
Profit (Loss) per Share3.883.74
All figures are in (Thousands) Saudi Arabia, Riyals
ELEMENT LISTEXPLANATION
The reason of the increase (decrease) in the net profit during the current year compared to the last year is1- Winning and commencing (6) new projects during 2021 with total contracts value SAR: (258.4) M.

2- Major projects won and commenced at end of 2020 and continued in 2021 Fully with total contracts Value SAR: (267.4) M.

Statement of the type of external auditor's reportUnmodified opinion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor OpinionN/A
Reclassification of Comparison ItemsSome comparative figures have been restated to be consistent with the presentation of the current year, according to IFRS 15/revenue from customer contracts.
Additional InformationN/A