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Saudi Parts Center Co. announces its Annual Financial Results for the Period Ending on 2022-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 94,268 | 80,581 | 16.98 | ||
| Gross Profit (Loss) | 32,933 | 28,199 | 16.79 | ||
| Operational Profit (Loss) | 8,330 | 6,898 | 20.76 | ||
| Net Profit (Loss) after Zakat and Tax | 6,887 | 5,747 | 19.84 | ||
| Total Comprehensive Income | 6,461 | 5,302 | 21.86 | ||
| Total Share Holders Equity (after Deducting Minority Equity) | 41,169 | 34,708 | 18.61 | ||
| Profit (Loss) per Share | 2.3 | 1.92 | |||
| 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 increase in net profit for the fiscal year 2022 by 16.83% compared to the previous year is mainly due to the growth in revenue for fiscal year 2022 to reach 94.3 million riyals comparing with 80.6 million riyals for the previous year. The percentage of this increase was 16.99%. This increase in revenue due to increase in spare parts sector Trucks revenue by 100% compare with previous year, and increase of heavy equipment parts revenue by 6%, and increase Turbocharger sector revenue by 15%. This increase in net profit was achieved despite of the increase of administrative and selling expenses by 2.6 million riyals, mainly due to the increase in the number of employees. |
| 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 | Some comparative figures have been reclassified to fit the current view |
| Additional Information | N/A |
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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