IssuerAnnouncementDetailsV2Portlet
ActionsNational Environmental Recycling Co. announces its Annual Financial Results for the Period Ending on 2022-12-31
Element List | Current Year | Previous Year | %Change | ||
---|---|---|---|---|---|
Sales/Revenue | 404,615 | 153,603 | 163.42 | ||
Gross Profit (Loss) | 32,653 | 18,732 | 74.32 | ||
Operational Profit (Loss) | 22,150 | 10,683 | 107.34 | ||
Net Profit (Loss) after Zakat and Tax | 18,117 | 11,264 | 60.84 | ||
Total Comprehensive Income | 18,160 | 11,348 | 60.03 | ||
Total Share Holders Equity (after Deducting Minority Equity) | 156,473 | 138,314 | 13.13 | ||
Profit (Loss) per Share | 3.12 | 1.94 | |||
All figures are in (Thousands) Saudi Arabia, Riyals |
Element List | Explanation |
---|---|
The reason of the increase (decrease) in the net profit during the current year compared to the last year is | Increase in net profit is primarily due to sales growth of 163% compared to the previous year. Further, effectiveness cost of sales and efficient general and administrative expenses add to the bottom line. |
Statement of the type of external auditor's report | Unmodified opinion |
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion | N/A |
Reclassification of Comparison Items | Certain prior period figures have been re-classified to conform with the presentation of the current period. |
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.