IssuerAnnouncementDetailsV2Portlet
ActionsFuture Care Trading Co. announces its Annual Financial Results for the Period Ending on 2022-12-31
Element List | Current Year | Previous Year | %Change | ||
---|---|---|---|---|---|
Sales/Revenue | 34,125 | 72,028 | -52.62 | ||
Gross Profit (Loss) | 12,237 | 42,319 | -71.08 | ||
Operational Profit (Loss) | 6,137 | 38,271 | -83.96 | ||
Net Profit (Loss) after Zakat and Tax | 5,127 | 36,701 | -86.03 | ||
Total Comprehensive Income | 4,768 | 35,065 | -86.4 | ||
Total Share Holders Equity (after Deducting Minority Equity) | 58,473 | 53,705 | 8.88 | ||
Profit (Loss) per Share | 1.03 | 8.79 | |||
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 | The reason for the decrease in net profit during this year compared to the previous year is due to: - The decrease in revenues due to the decrease in the number of home visits compared to last year due to the end of the precautionary measures in the Corona pandemic. This was offset by a decrease in costs, but by a percentage less than the decrease in revenues. - The costs of opening branches of the company in the city of Riyadh and the eastern region in the cities of (Dammam - Khobar - Dhahran - Qatif - Jubail) as part of the company's expansion plans, which are expected to start during the year 2024 AD. - A provision was made for receivables in the amount of (1,932,689) against expected credit losses on receivables. |
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 | No |
Reclassification of Comparison Items | No |
Additional Information | Earnings per share for the year 2021 AD were calculated on the number of shares of 4,175,000 shares, while in the year 2022 AD on the number of shares of 5,000,000 shares. |
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.