| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 240,524,805 | 222,986,928 | 7.864 | 259,889,051 | -7.45 |
| Gross Profit (Loss) | 82,908,088 | 81,386,042 | 1.87 | 96,962,695 | -14.494 |
| Operational Profit (Loss) | 57,450,122 | 55,660,077 | 3.216 | 72,917,354 | -21.212 |
| Net profit (Loss) | 49,667,968 | 44,508,564 | 11.591 | 65,644,922 | -24.338 |
| Total Comprehensive Income | 49,667,968 | 44,508,564 | 11.591 | 65,644,922 | -24.338 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 500,413,856 | 480,793,198 | 4.08 |
| Gross Profit (Loss) | 179,870,783 | 180,506,497 | -0.352 |
| Operational Profit (Loss) | 130,367,476 | 132,489,704 | -1.601 |
| Net profit (Loss) | 115,312,890 | 109,491,996 | 5.316 |
| Total Comprehensive Income | 115,312,890 | 109,491,996 | 5.316 |
| Total Shareholders Equity (after Deducting Minority Equity) | 296,855,562 | 243,884,236 | 21.719 |
| Profit (Loss) per Share | 1.42 | 1.35 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Revenues increased by 7.9% reaching SAR 241 million, an increase of SAR 18 million. This growth is mainly driven by: - Feed category (both Livestock & Poultry segment) & - Flour category (small products segment). - However, Bran sales declined due to the strategic decision to prioritize internal Feed business production. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Net profit increased by 11.6% reaching SAR 50 million, an increase of SAR 5 million. This increase is driven by: - Topline performance (despite competitive pressure on margins), - Cost control & efficiencies - Lower finance cost (lower borrowing costs & early settlement). |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenues decreased by 7.5% reaching SAR 241 million, a decrease of SAR 19 million. The drop is across all categories due to seasonal impact (previous quarter sales driven by Ramadan season) |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net profit decreased by 24.3% reaching SAR 50 million. A decrease of SAR 16 million. This decrease is mainly due to: - Lower sales - Lower margins due to competitive pricing pressure & - Higher expenses |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Revenues increased by 4.1% reaching SAR 500 million, an increase of SAR 20 million. This growth is mainly driven by: - Feed category gaining market share (both Livestock & Poultry segment) - Flour category (increased footprint in small products segment) - However, Bran sales declined due to the strategic decision to prioritize internal Feed business production. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Net profit increased by 5.3% reaching SAR 115 million, an increase of SAR 6 million. This increase is driven mainly by: - topline performance (despite competitive pressure on margins) & - Finance cost savings (lower borrowing costs & early settlement). |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | None |
| Reclassification of Comparison Items | Not Applicable |
| Additional Information | - |
