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Halwani Bros. 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 | 270.36 | 255.22 | 5.932 | 233.04 | 16.014 |
| Gross Profit (Loss) | 82.57 | 71.26 | 15.871 | 43.09 | 91.622 |
| Operational Profit (Loss) | 26.24 | 13.4 | 95.82 | -21.29 | - |
| Net profit (Loss) | -4.58 | 1.64 | - | -27.4 | -83.284 |
| Total Comprehensive Income | -63.3 | -25.03 | 152.896 | -29.05 | 117.9 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Share Holders Equity (After Deducting the Minority Equity) | 243.54 | 408.64 | -40.402 |
| Profit (Loss) per Share | -0.13 | 0.05 | |
| All figures are in (Millions) 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 (Millions) 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 increase in sales during the current quarter compared to the same quarter of the previous year is due to: 1) An increase in the company’s sales in the Kingdom of Saudi Arabia and its subsidiary in the Arab Republic of Egypt. 2) As a result of changing sales policies with customers in the Kingdom of Saudi Arabia. |
| 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 decrease in net profit during the current quarter compared to the same quarter of the previous year is due to: 1) As a result of the subsidiary company’s profits being affected by the decline in the currency exchange rate in the Arab Republic of Egypt based on the decision of the Central Bank of Egypt to liberalize the exchange rate. 2) Bearing taxes resulting from transferring a portion of the profits retained in the subsidiary to the company’s account in the Kingdom of Saudi Arabia. |
| 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: 1) An increase in the company’s sales in the Kingdom of Saudi Arabia and its subsidiary in the Arab Republic of Egypt. 2) As a result of changing sales policies with customers in the Kingdom of Saudi Arabia. |
| 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 improvement in the company’s performance, which was reflected in the decrease in the net loss of the current quarter compared to the loss of the previous quarter, is due to: 1) An increase in the company’s sales in the Kingdom of Saudi Arabia and its subsidiary in the Arab Republic of Egypt. 2) As a result of changing sales policies with customers in the Kingdom of Saudi Arabia. 3) Improvement in the sales mix of products during the current quarter compared to the previous quarter. 4) Decrease in general and administrative expenses during the current quarter compared to the previous quarter. |
| 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 | Some comparative figures have been reclassified to be consistent with the classification used for the period ending on March 31, 2024. For more information, please refer to Notes No. 2.1 in the notes attached to the consolidated financial statements for the period ending on March 31, 2024. |
| Additional Information | - |
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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