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Saudi Marketing Company (Farm Superstores) announces its Annual Financial results for the period ending on 2023-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 1,813,405 | 1,798,680 | 0.82 | ||
| Gross Profit (Loss) | 547,283 | 516,594 | 5.94 | ||
| Operational Profit (Loss) | 87,370 | 79,994 | 9.22 | ||
| Net profit (Loss) | 21,792 | 22,826 | -4.53 | ||
| Total Comprehensive Income | 24,162 | 23,964 | 0.83 | ||
| Total Share Holders Equity (After Deducting the Minority Equity) | 660,581 | 658,919 | 0.25 | ||
| Profit (Loss) per Share | 0.48 | 0.51 | |||
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Thousands) 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 | - Increase in the revenues of the current year compared to the last year by SR 14.7 million due to the increase in the revenues of the entertainment segment for the current year compared to the last year. While, retail revenues for the Farm branches are maintained in the current year compared to the last year. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The reason of decrease in the net profit during the current year compared to the last year is as follows: - Increase in total operating expenses for the current year compared to the previous year by SR 21.8 million and increase in finance cost on loans due to increase in borrowing rates for the current year compared to the last year by SR 12 million, despite of the increase in gross profit of current year compared to the previous year by SR 30.7 million. - The net of non-operating costs and expenses charged to the profits of the current year amounted to SR 65.6 million compared to SR 57.2 million, which represents the net non-operating costs and expenses charged to the profits of the last year. |
| 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) | None |
| Reclassification of Comparison Items | None |
| 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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