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Zahrat Al Waha for Trading 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 | 137,091,412 | 156,787,817 | -12.562 | 108,770,884 | 26.036 |
| Gross Profit (Loss) | 14,893,208 | 11,867,226 | 25.498 | 25,734,562 | -42.127 |
| Operational Profit (Loss) | 5,844,684 | 6,486,631 | -9.896 | 19,368,577 | -69.823 |
| Net profit (Loss) | 3,704,386 | 1,924,925 | 92.443 | 16,947,850 | -78.142 |
| Total Comprehensive Income | 3,792,190 | 1,988,834 | 90.674 | 16,859,963 | -77.507 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Share Holders Equity (After Deducting the Minority Equity) | 319,887,588 | 297,753,611 | 7.433 |
| Profit (Loss) per Share | 0.16 | 0.09 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Percentage of the capital (%) | Amount | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| 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 | The reason for the decrease in sales during the current quarter compared to the same quarter of the previous year is due to: - Decrease in selling prices due to the decrease in the purchasing prices of main raw materials, which are the main factor in determining selling prices. - Decrease in the Sales quantity (Ton) of the Preform Sector. |
| 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 increase in net profit during the current quarter compared to the same quarter of the previous year is due to: - Decrease the Cost of Goods Sold. - Decrease the General and Administrative Expenses - Increase gain from Selling Investments at Fair Value through Profit or Loss. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The reason for the increase in sales during the current quarter compared to the previous quarter is due to: - Increase the selling prices due to an increase in the purchasing prices of main raw materials, which are the main factor in determining selling prices. - Increase the Sales quantity (Ton). |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The reason for the decrease in net profit during the current quarter compared to the previous quarter is due to: - Increase the Cost of Goods Sold. - Increase the Selling and Distribution Expenses. - Increase the Allowance for Expected Credit losses on trade receivables. - Increase the Financing Costs |
| 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) | No. |
| Reclassification of Comparison Items | Some comparative figures have been reclassified and classified in the Statement of Cashflows to conform to the presentation for the current period. Employees’ benefits: Before Reclassification 127,116 – Reclassification 2,425 - After Reclassification 129,541 Employees’ benefits Paid: Before Reclassification 0 – Reclassification (2,425) - After Reclassification (2,425). Please see note No. 20 in the financial statements for the three months ended on 31 March 2024. |
| Additional Information | 1- Basic earnings per share is calculated by dividing income for the period attributable to the Company’s ordinary shareholders by the weighted average number of ordinary shares outstanding during the period, the diluted earnings per share are the same as the basic earnings per share as the company has no diluted instruments. 2- We would like to give the attention of our valued shareholders to the condensed interim Financial Statements for the three-month, ended 31, March 2024, which will be available on the investor relations app for Zahrat Al Waha for Trading Co. smartphones and tablets, and through the company's website at the following link https://zaoasis.com/investors/financial-information after sending it to the competent authorities. |
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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