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Sadr Logistics Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 31,646 | 40,815 | -22.464 | 25,085 | 26.155 |
| Gross Profit (Loss) | 4,787 | 7,838 | -38.925 | 3,272 | 46.301 |
| Operational Profit (Loss) | -1,004 | 3,186 | - | -2,206 | -54.487 |
| Net profit (Loss) | -1,539 | 3,287 | - | -2,124 | -27.542 |
| Total Comprehensive Income | -1,539 | 3,287 | - | -2,124 | -27.542 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Share Holders Equity (After Deducting the Minority Equity) | 170,190 | 179,518 | -5.196 |
| Profit (Loss) per Share | -0.01 | 0.02 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Percentage of the capital (%) | Amount | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | 3.62 | -6,330 | |
| All figures are in (Thousands) 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 decreased during the current quarter compared to the same quarter of the previous year as a result of: 1- A decrease in timber sector sales by 56% as a result of a decrease in sales quantities and prices. in spite of: - 1- Iron sector sales increased by 30%. 2- Sales of the logistics services sector increased by 28% as a result of the increase in storage prices and quantities. |
| 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 company achieved a net loss during the current quarter compared to net profits during the same quarter of the previous year as a result of: - 1- Sales decreased by 22% and the cost of sales decreased by a smaller percentage than the decrease in sales, as it decreased by 19%. 2- Sales and marketing expenses increased and general and administrative expenses increased 3- A decrease in other income and a decrease in investment profits 4- An increase in financing costs. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Sales increased during the current quarter compared to the previous quarter as a result of: - 1- Timber sector sales increased by 71% to increase sales quantities. 2- Sales of the logistics services sector increased by 8% as a result of the increase in storage prices and quantities. in spite of:- 1- Steel sector sales decreased by 6%. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The net loss decreased during the current quarter compared to the net loss during the previous quarter as a result of: - 1- Sales increased by 26% and the cost of sales increased by less than the increase in sales, as they increased by 23%. 2- Sales and marketing expenses decreased. 3- A decrease in the provision for credit losses, and a decrease in financing costs. 4- Decrease in zakat allocation. |
| 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) | Nothing |
| Reclassification of Comparison Items | Certain comparative figures have been re-presented and classified to conform to the presentation for the current period. |
| Additional Information | The basic and diluted share of profit and loss for the current period and the similar period of the previous year was calculated by dividing the net profit or loss for each period after zakat attributable to the company’s shareholders by the weighted average number of ordinary shares outstanding at the end of each period, as the weighted average of shares for the current period was 175,000,000 Shares and the number of shares for the same period of the previous year is 175,000,000 shares after taking into account the effect of the increase in shares as a result of the retrospective share division. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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