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Aqaseem Factory for Chemicals and Plastics Co. announces its Annual Financial results for the period ending on 2023-12-31
9539
AQASEEM
-0.48
%
1445/09/18 28/03/2024 16:33:33
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 150,830,296 | 140,510,647 | 7.34 | ||
| Gross Profit (Loss) | 39,270,257 | 29,019,450 | 35.32 | ||
| Operational Profit (Loss) | 12,658,862 | 7,202,359 | 75.76 | ||
| Net profit (Loss) | 10,138,204 | 6,019,746 | 68.42 | ||
| Total Comprehensive Income | 10,205,235 | 5,828,642 | 75.09 | ||
| Total Share Holders Equity (After Deducting the Minority Equity) | 55,973,610 | 45,768,375 | 22.3 | ||
| Profit (Loss) per Share | 4.06 | 2.41 | |||
| 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 year compared to the last year | The company's sales for the year 2023 amounted to 150,830,296 compared to the year 2022, with a value of 140,510,647 riyals, a growth rate of 7.34%. The reason is due to the growth of sales in the export sector and the addition of the government sector as a new sector during the current year, in addition to the development of new products that contributed to raising the volume of sales. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The company's net profits after zakat and tax in the year 2023 amounted to 10,138,204 riyals compared to the year 2022, which amounted to 6,019,746 riyals, a growth rate of 68.42%. The reason is due to the decrease in the cost of sales due to the diversification of sources of supply of raw materials at a lower cost compared to last year, in addition to the increase in the company's sales volume. . |
| Statement of the type of external auditor's report | Unmodified opinion |
| 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) | NA |
| Reclassification of Comparison Items | The comparison year figures have been reclassified in line with the current year’s classification |
| Additional Information | - |
| Attached Documents |  |
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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